Working Papers

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The Market for Knowhow and the Efficient International Transfer of Technology

David J. Teece
1981

This paper explores the nature of international technology transfer and the operation of the market for knowhow. It begins by examining the relationship between codification and transfer costs, and then moves on to analyze various imperfections…

The Metric Quality of Ordered Categorical Data

Amiya K. Basu, V. “Seenu” Srinivasan
1981

An index of metric quality for ordered categorical scales is proposed. The index is defined as the extent to which the ordered categorical measurement is linearly related to an underlying interval scaled measurement of the property. The index,…

The Multiregion Dynamic Capacity Expansion Problem: An Improved Heuristic

V. “Seenu” Srinivasan, C. 0. Fong
1981

We consider the problem of determining a schedule of capacity expansions for m producing regions and a schedule of shipments from the regions to n markets so as to meet arbitrary market demands over a T-period planning horizon at minimum…

The Relation Between Forward Prices and Futures Prices

John C. Cox, Jonathan E. Ingersoll, Stephen A. Ross
1981

This paper consolidates the results of some recent work on the relation between forward prices and futures prices. It develops a number of propositions characterizing the two prices. These propositions contain several testable implications about…

The Sources of Labor Productivity Variation in U.S. Manufacturing, 1947-80

Ben S. Bernanke
1981

Because it concentrates on the co-movements of jointly determined endogenous variables, the traditional analysis of labor productivity does not directly address the question of the causes of productivity change. This problem is solved by a…

The Statistical Significance of Stepwise Regression Models Developed by Forward Selection: A Monte Carlo Calibration

Shelby H. McIntyre, David Bruce Montgomery (1938–2025), V. “Seenu” Srinivasan, Barton Weitz
1981

Information for evaluating the statistical significance of stepwise regression models developed with a forward selection procedure is presented. Cumulative distributions of the adjusted coefficient of determination (R-2) under the null hypothesis…

A Unified Theory of Syndicates, Aggregation and Separation in Financial Markets

Amin Amershi, Jan H. W. Stoeckenius
1981

Abstract not available.

Vertical Integration and Risk Reduction

Garth Saloner, Henry Armour, David Teece
1981

Abstract not available.

Accounting Policy Decisions and Capital Market Research

George Foster
1980

This paper examines methodological problems in measuring the capital market impact of accounting policy decisions. Topics covered include the development of hypotheses about the magnitude and timing of capital market impacts, sample selection…

An Evaluation of Corrective Advertising Effects: A Field Study

Kenneth L. Bernhardt, Thomas C. Kinnear, Michael B. Mazis
1980

Previous research on corrective advertising has generally involved a forced exposure in a laboratory setting using student subjects. Treatment and criterion variables have also usually been developed by the researcher independent of the real…

Analysis of Pension Funding Under Erisa

Jeremy I. Bulow
1980

This paper begins by describing the tax, funding, and insurance aspects of the Pension Reform Act of 1974. Next, the implications of those laws are analyzed from the standpoint of the funding decision of the firm. The tax advantage of early…

Appropriable Rents and Quasi Integration

Kirk Monteverde, David J. Teece
1980

Abstract not available.

A Behavioral Analysis Of OPEC: Monopolization With Limited Collusion

David J. Teece
1980

Abstract not available.

Careers of Women, Minority and White Male MBAs

Thomas W. Harrell, Margaret S. Harrell
1980

Questionnaires were sent in 1978 to Stanford Graduate School of Business alumni from the classes of 1973-75. Questions were included on career progress and on the earnings of spouse or partner. The response rate was 77% of domestic graduates to…

Comments on the Role of Price in Individual Utility Judgments

V. “Seenu” Srinivasan
1980

Abstract not available.

Comparing Derived Importance Weights Across Attributes: An Experimental Study Using Conjoint Analysis

Julia Nutter, Dick Wittink
1980

In this study we investigate the possibility that derived attribute importance weights, as commonly computed in conjoint analysis applications, may be systematically influenced by the number of levels on which an attribute is defined for…

Computing The Discounted Return In Markov And Semi-Markov Chains

Evan L. Porteus
1980

This paper addresses the problem of computing the expected discounted return in finite Markov and semi-Markov chains. The objective is to reveal insights into two questions. First, which iterative methods hold the most promise? Second, when are…

Conditions for Characterizing the Structure of Optimal Strategies in Infinite Horizon Dynamic Programs

Evan L. Porteus
1980

The study of infinite horizon nonstationary dynamic programs using the operator approach is continued. The point of view here differs slightly from that taken by others in that Denardo’s local income function is not used as a starting point.…