These papers are working drafts of research which often appear in final form in academic journals. The published versions may differ from the working versions provided here.
SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB the Rock Center.
You may search for authors and topics and download copies of the work there.
On the Competitive Pressure Created by the Diffusion of Innovations
We consider the decision of a dominant firm to adopt (part or all of) a sequence of potential cost-reducing innovations, as well as the precise time sequence of adoption, when a fixed cost must be incurred at the date of adoption, and the latest…
Optimal Inspection, Lot Sizing and Setup Reduction
Porteus, and Rosenblatt and Lee have recently developed models in which process quality and lot sizing interact. Lot sizes should be reduced to compensate for poor quality. Investment in setup time reduction leads to even smaller lot sizes and…
Organization Development: Theory, Practice and Research
Abstract not available.
A Political Perspective on Careers: Interests, Networks, and Environments
Abstract not available.
Power Functions of Some Common Regression Tests
This paper reviews and extends nonnull distribution results for ratios of normal quadratic forms found in R2S, F-tests, and likelihood ratio criteria. The extensions cover misspecified regression models and models with normal scale mixture errors…
Regulatory Incentive Mechanisms, Commitment, and Political Action
Abstract not available.
A Robust Approach to Thurstone Scaling
This paper presents an approach for determining unidimensional scale estimates that are relatively insensitive to limited inconsistencies in paired comparisons data. The solution procedure, shown to be a minimum cost network flow problem, is…
Salesforce Compensation Plans: A Dynamic Perspective
The agency theory approach to understanding salesforce compensation plans is extended to incorporate the intertemporal nature of the salesperson’s efforts decision, e.e., the effort can potentially change depending on the sales performance up to…
Seasonality in Consumption-Based Asset Pricing: An Analysis of Linear Models
This paper examines linear asset pricing models using aggregate consumption data which are not seasonally-adjusted. Portfolio returns exhibit more diverse and often stronger consumption correlations and the parameters of representativ-agent…
Service-Induced Campaign Contributions, Incumbent Shirking, and Reelection Opportunities
Abstract not available.
Stochastic Inventory Theory
Inventory theory deals with the management of stock levels of goods, with the intent of effectively meeting demands for those goods. We say the demands for goods are made by buyers and are met by sellers, regardless of whether monetary exchange…
Tests of Asset Pricing Models with Changing Expectations
This paper studies time-variation in the expected returns of common stocks, using linear models with constant “beta” coefficients and the methodology of Gibbons and Ferson. We examine individual stocks and portfolios formed on the basis of firm…
The Complexity of Computing a Best Response Automaton in Repeated Games with Mixed Strategies
I examine the complexity of computing a best response automaton in a two-person repeated game when there is uncertainty about the automaton selected by the other player. There are two versions of this problem: 1. Finding a best response automaton…
The Dynamics of Consumer Response to Price and Promotion
This research examines the nature of dynamic consumer response to point-of-purchase pricing and promotional activity. The authors begin with the premise that consumers form expectations about future pricing and promotion based on their exposure…
The Economics of Modern Manufacturing: Products, Technology and Organization
Abstract not available.
The Impact of Store Brands on Manufacturer Trade Deals and Retail Price Promotion
In this research, we examine the nature of promotional pricing activity by manufacturer and retailer. We analyze the relationship as a single period sequential game between a manufacturer offering a single brand A and an independent retailer who…
The Learning Curve, Technology Barriers to Entry, and Competitive Survival in the Chemical Processing Industries
This paper evaluates entry and survival rates in a sample of 39 chemical product industries. The analysis focuses on learning-based cost advantages potentially held by incumbent firms. A logit model of entry gives no evidence that entry decisions…
A Theory of Intraday Trading Patterns: Volume and Price Variability
This paper develops a theory in which concentrated trading patterns arise endogenously, as a result of the strategic behavior of liquidity traders and informed traders. Our results provide a partial explanation for some of the recent empirical…