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Social Psychological Processes Underlying Attitudes toward Legal Punishment
This paper develops a theoretical framework for investigating the socialpsychological dynamics of punishment reactions to criminal offenders. Two basic types of punishment motives are delineated: behavior control and retribution. The target, or…
Tax Induced Clientele Effects in the Market for British Government Securities: Placing Bounds on Security Values in an Incomplete Market
This paper develops a new method for measuring tax effects in bond markets and presents empirical results for British Government Securities. The basic idea is to construct a least cost portfolio which, for investors in a given tax bracket,…
Taxes and Security Market Equilibrium
Abstract not available.
The Development of Knowledge Structures
The present research examines the process of the development of knowledge structures concerning events. Abelson (1976) suggested that one type of knowledge structure, a script, would move, as similar events were encountered, through three levels…
The Fairness of Earnings Differentials: An Experimental Study of the Perceptions of Blue Collar Workers
Blue-collar pay levels are chronic sources of dispute between labor and management. When such disputes are not resolved satisfactorily, the results, such as strikes and turnover, can be costly to both of the parties concerned, and even the…
The New Social Regulation: Implications And Alternatives
Abstract not available.
The Predictive Validity Of Conjoint Analysis For Alternative Aggregation Schemes
Abstract not available.
Towards an Economic Theory of the Multiproduct Firm
Abstract not available.
Adaptive Numerical Differentiation
Predictive Validity of Trade-Off Analysis for Alternative Segmentation Schemes
Multi-Attribute Approaches for Product Concept Evaluation and Generation; A Critical Review
Multiattribute research in marketing seeks an understanding of the structure of customer decisions with respect to the market offerings of a firm and its competitors. Through such understanding the firm tries to evaluate and/or design its…
A Representation Theorem for “Preference for Flexibility”
This paper concerns individual choice among “opportunity sets,” from which the individual will later choose a single object. In particular, it concerns preference relations on opportunity sets which satisfy “preference for flexibility,” a set is…
Decision Making Under Uncertainty: Models and Choices
Investment, Strategy, and Growth in a New Market
Dynamic Choice Theory and Dynamic Programming
Finite horizon sequential decision problems with a “temporal von Neumann-Morgenstern utility” criterion are analyzed. This criterion, as developed in [7], is a generalization of von Neumann-Morgenstern (expected) utility of the vector of rewards…
Network Models for Estimating Brand-Specific Effects in Multi-Attribute Marketing Models
In multi-attribute models in marketing, a consumer’s preference for a brand in a product class is expressed as a weighted sum of the brand’s attribute values. However, marketing is abundant with examples where two brands may have…
Accuracy of Subjective Probabilities for a Financial Variable
Abstract not available.
An Application of the CAPM to Divisional Required Returns
Abstract not available.
An Intertemporal Asset Pricing Model with Stochastic Consumption and Investment Opportunities
This paper derives a single-beta asset pricing model in a multi-good, continuous-time model with uncertain consumption- goods prices and uncertain investment opportunities. When no riskless asset exists, a zero-beta pricing model is derived.…