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SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB and the Rock Center.
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Existence of Competitive Equilibria for Option Markets
In a general equilibrium model with options, Polemarchakis and Ku (1986) give an example of an economy where no competitive equilibrium exists. Their model is robust in the sense that slight changes of the parameters of the economy does not lead…
An Approach to Track Within-Segment Shifts in Market Share
Most approaches to examining the effects of marketing variables on market shares treat the market as a single aggregate. It would be managerially more useful to examine the marketing effects at the segment level. A market segment is defined in…
Comparing the Predictive Powers of Alternative Multiple Regression Models
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A Comparison of the Skewness of Stock Return Distributions in Earnings Announcement and Non-Announcement Periods
This paper presents evidence that stock return prediction errors are less positively skewed in the time period surrounding accounting earnings report announcements than in a subsequent non-announcement period. Assuming that information available…
Cost Accounting and Cost Management in a Just-in-Time Environment
Just-in-Time (JIT) philosophy and methods are being adopted by many organizations. What are the important implications of JIT for cost accounting, cost management, and the role of management accountants in organizations? This paper examines these…
A Direct Aggregation Approach to Inferring Microparameters of the Koyck Advertising-Sales Relationship from Macro Data
This paper examines the advertising-sales relationship in the framework of the Koyck model. We note that if only macro (e.g., annual) data are available then it is necessary to approximate micro (e.g., monthly) data in order to minimize the “data…
Dynamic Process Improvement
This paper explores the economics of investing in gradual process improvement. We seek to understand better the economics of the well known Just-in-Time and Total Quality Control philosophies, both of which promote gradual technological…
Effects of Brand Loyalty on Competitive Price Promotional Strategies
This paper analyzes the role played by brand loyalty in determining optimal price promotional strategies used by firms in a competitive setting. Our objective is to explain how loyalties toward the competing brands influence whether or not firms…
First-Mover Advantages
This article surveys the theoretical and empirical literature on mechanisms that confer advantages and disadvantages on first-mover firms. Major conceptual issues are addressed, and recommendations are given for future research. Managerial…
Helping the Group or Helping One's Self? Cognitive-Motivational Determinants of Cooperation in Resource Conservation Dilemmas
Abstract not available.
Hybrid Organizations as Strategic Alliances: Theoretical and Practical Issues in Organizational Combinations
The phenomenon of hybridization, through which two or more extant firms form a new firm, raises significant questions for both scholars and managers. This paper outlines the unique characteristics common to these strategic alliances and shows how…
Institutional Structure and the Logic of Ongoing Collective Action
Work by Axelrod, Hardin, and Taylor indicates that problems of repeated collective action may lessen if people use decentralized strategies of reciprocity to induce mutual cooperation. Hobbes’ centralized solution may thus be overrated. We…
Leadership Measure of Stanford MBAs
While in school, Stanford MBA students were given a test battery chosen to predict managerial potential. This battery included several instruments that attempt to measure leadership, Leadership Opinion questionnaire, McClelland’s Test of…
Learning from Strategic Success and Failure
Organizations facing complex, ambiguous, and dynamic environments find adaptive learning a key to survival and success. This study proposes three models of organization response in such environments. 1) A model of how aspiration levels or goals…
Monitoring of Performance in Organizational Contracting: The Case of Defense Procurement
This paper presents an agency theoretic analysis of defense procurement contracts. In the model presented the government designs optimal linear compensation contracts for a risk-averse supplier in the presence of moral hazard, private…
Nuclear Weapons, Peace and the Security Dilemma: The Role of Cognitive Processes in Deterrence
For the past forty years, deterrence theory has played a central role in the evolution of U.S. nuclear strategy and national security policy. Proponents of deterrence point to the historical record to argue the theory “works”. Recent critiques of…