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SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB the Rock Center.
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Stanford MBA Careers: A 20 Year Longitudinal Study
Our 20 year studies find that MBAs are happy, prosperous, and are moving from large to small business. On average they are either very Satisfied , or Satisfied with their jobs. Their median earnings at 20 years out in 1981, 1982, and 1983,…
Stochastic Equilibria: Existence, Spanning Number, and the "No Expected Gain from Trade" Hypothesis
Stochastic equilibria under uncertainty with continuous-time security trading and consumption are demonstrated in a general setting. The equilibrium shown has the property of no expected financial gain from trading securities. The relevence of…
Strategic Resource Extraction: When Easy Doesn't Do It
We show that, for strategic reasons, an oligopolist in anatural resource industry might employ a backstop technology to develop costly reserves even if it does not plan to exhaust all less expensive deposits. The reason is that an oligopolist…
Strategy-Making and Evolutionary Theory: Toward a Capabilities-Based Perspective
The strategic process in large, diversified firms is shown to be isomorphous to the enactment—selection—retention model of evolutionary theory. Such strategic processes are internalized selection mechanisms, nested within external environmental…
Tax, Incentive and Risk-Sharing Issues in the Allocation of Property Rights: The Generalized Lease-or-Buy Problems
This study is designed to augment the buy-versus-lease literature by incorporating (1) risk-sharing motives, (2) moral hazard-related incentive problems and their mitigation, and (3) tax considerations in the choice of how to allocate an asset’s…
Taxation and Intergovernmental Grants in a Federal Government System
The paper applies some game-theoretic and incentive arguments to the analysis of fiscal federalism. First, decentralized taxation in a setting with agents having costly opportunities to move across states is modeled as a game between state…
Testing Asset Pricing Models with Changing Expectations and an Unobservable Market Portfolio
When the assumption of constant risk premiums is relaxed, financial valuation models may be tested, and risk measures estimated without specifying a market index or state variables. This is accomplished by examining the behavior of conditional…
The Learning Curve and Competitive Strategy
The learning curve has become a central concept for corporate strategic planning. However, strategies based on the learning curve often fail to achieve their intended results. This paper explores the implications of the learning curve for…
The Learning Curve and Pricing in the Chemical Processing Industries
This pager uses data on 37 chemical products to test a number of hypotheses about the learning curve and industrial price behavior. The results document a strong and consistent learning effect. Learning is found to be a function of cumulated…
The Paradox of "Corporate Culture" : Reconciling Ourselves to Socialization
Abstract not available.
The Role of Time and Information in Bargaining
This paper explores, within the context of a continuous-time noncooperative game, how time and information affect the rational behavior of bargainers. In the model, a buyer and a seller are engaged in the trade of a single object. Both bargainers…
The Role of the Division General Manager in Corporate Strategic Management
Abstract not available.
The Value of Information in Speculative Trading
This paper analyzes the value of information that is used in speculative trading. There is an important externality effect in the valuation of information in this context. The value of information depends, through its dependence on the…
A Theory of Regulation and Information in a Continuing Relationship
Abstract not available.
Undiscounted Approximations of Discounted Regenerative Models
This paper approximates the discounted average cost in regenerative models by an undiscounted average cost. A financial holding cost is assessed on expenditures that are incurred earlier than the middle of each cycle. Explicit upper and lower…
Will the Prospective Payment System Solve Medicare's Financial Problem?
Abstract not available.
When Injustice Is Irrelevant: Relative Deprivation and Collective Action
The determinants of collective behavior were studied in a laboratory setting. Subjects were members of a disadvantaged group. In a 3 x 2 factorial design two independent variables were manipulated. The magnitude of pay inequality…
Psychological and Sociological Barriers to Collective Action in Organizations
There are striking gaps in what is known about discontent in the workplace. Job and pay satisfaction are among the most frequently studied topics in organizational behavior, yet we know little about when discontent will be translated into…
Accrual Mobility: Job Mobility in Higher Education Through Responsibility Accrual
No abstract available.
Alpha, Beta, and Gamma Change in Modeling-Based Organization Development
Abstract not available.