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Investing in Reduced Setups in the EOQ Model
This paper is motivated by the observation that the Japanese have devoted much time and energy to decreasing setup costs in their manufacturing processes and that there has been little in the way of a formal framework available to use to think…
Involuntary Unemployment and Worker Moral Hazard
Abstract not available.
Involuntary Unemployment and Worker Self-Selection
Abstract not available.
Labour Force Participation and Fertility: A Social Analysis of Their Antecedents and Simultaneity
The nature of the relationship between labour force participation and fertility are examined for 172 families comprising a marriage cohort. The results show that labour force participation and fertility are spuriously related in that they are…
MBAs, Twenty Years After
Abstract not available.
Managing for Excellence
“Managing for Excellence is above all usable. Its helpful, down-to-earth advice can transform any leader from merely good to positively outstanding. These are the ideas managers can not only admire but act on as well-the highest compliment for a…
Managing the Internal Corporate Venturing Process: Some Recommendations for Practice
The strategic management of internal corporate venturing (ICV) presents a major challenge for many large, established firms. A process model conceptualization of ICV suggests that vicious circles and managerial dilemmas typically emerge in the…
Measuring Investment Performance in a Rational Expectations Equilibrium Model
Abstract not available.
Multimarket Oligopoly: Strategic Substitutes and Complements
A firm’s actions in one market can change competitors’ strategies in a second market, by affecting its own marginal costs in that other market. Whether the action provides costs or benefits in the second market depends on (a) whether it…
New Evidence that Taxes Affect the Valuation of Dividends
This paper uses British data to examine the effects of dividend taxes on investors relative valuation of dividends and capital gains. British data offer great potential to illuminate the dividends and taxes question, since there have been two…
A Noisy Rational Expectations Equilibrium for Musti-Asset Securities Markets
Abstract not available.
Noncooperative Regulation of a Nonlocalized Externality
A nonlocalized pollution externality poses special regulatory problems when both a) the costs and benefits of abatement are borne by different persons and b)the interests of the two groups are represented by different regulatory agencies. A…
Nonlinear Least Squares Estimation of the Bass Diffusion Model of New Product Acceptance
Schmittlein and Mahajan (Marketing Science 1982) made an important improvement in the estimation of the Bass (1969) diffusion model by appropriately aggregating the continuous time model over the time intervals represented by the data. However,…
Optimal Lot Sizing, Process Quality Improvement and Setup Cost Reduction
This author has recently contributed to understanding the economic tradeoffs of alternative production systems by introducing the option of investing in reducing the setup cost parameter in the classical undiscounted EOQ model. That work only…
Organizational Considerations for the Space Station's Development: Autonomy and the Human Element in Space
Abstract not available.
Portfolio Choice in Research and Development
Possible distortions in the choice of a mix of research and development projects in the market, where competition is subject to “winner-take-all” payoff structure, are analyzed. Attention is devoted to choices of weights on alternative “knowledge…
Practical Aspects of Portfolio Optimization
Abstract not available.
Predictable Representation of Martingale Spaces and Changes of Probability Measure
We study the predictable representations of martingale spaces under a change of probability measure. The canonical decomposition of special semi-martingales provides a simple route to the identity and cardinality of a minimal generating subset of…
Price Destabilizing Speculation
Abstract not available.
Productive and Counterproductive Cooperative Monetary Policies
Abstract not available.