Working Papers

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.

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Academic Area
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Futures Trading, Rational Expectations and the Efficient Markets Hypothesis

Margaret Bray
1979

This paper analyzes a model of a futures market in which both pure speculators and producers participate. Traders form rational expectations about the return on holding futures (the spot price) on the basis of diverse private information and the…

Improved Iterative Computation of the Expected Discounted Return in Markov and Semi-Markov Chains

Evan L. Porteus
1979

This paper seeks to reduce the computation needed by iterative methods to find the expected discounted return in a finite semi-Markov or Markov chain. Two new norm reducing extrapolations and a new iterative method are presented and shown to be…

A Lagrangean Relaxation Algorithm for the Two Duty Period Scheduling Problem

Fred Shepardson, Roy E. Marsten
1979

The two duty period scheduling problem is an integer programming problem with 0-1 constraint coefficients. It is recognized that the problem can be reformulated as a one duty period problem with side constraints. Since the one duty period problem…

MBAs Move into Managing Small Companies

Thomas W. Harrell, Margaret S. Harrell
1979

Abstract not available.

Marketing Models in Public and Nonprofit Organizations

Charles B. Weinberg
1979

Abstract not available.

Measuring a Tax-Specific Term Structure of Interest Rates in the Market for British Government Securities

Stephen M. Schaefer
1979

A method of measuring the term structure of interest rates is developed which accommodates the tax dependence of an investors choice of securities. Empirical results are given for the British Government Securities Market over the period 1955-1975…

A Model of Direct and Relations Achieving Styles

Alice Handley-Isaksen, Jean Lipman-Blumen, K. L. Patterson, T. J. Bies
1979

Abstract not available.

On Sophisticated Choice Of Opportunity Sets

David M. Kreps
1979

Abstract not available.

On the CAPM Approach to the Estimation of a Public Utility's Cost of Equity Capital

Robert H. Litzenberger, Krishna Ramaswamy, Howard B. Sosin
1979

Abstract not available.

Organization Development In A Large System: An Empirical Assessment

Jerry I. Porras, Alan Wilkins
1979

This study reports the results of a quasi-experimental field study measuring the effects of three Organization Development (OD) interventions conducted in a large, geographically dispersed organization. The OD interventions were designed to…

A Plan for Consumer Information System Development, Implementation and Evaluation

Michael L. Ray, Donald Dunn
1979

The idea of consumer information systems for local services has not truly been implemented. Complete implementation in the U.S. could lead to benefits of $100 billion annually. This paper, based on an NSF-sponsored project at Stanford…

Real Wage Insurance as a Compliance Incentive

Robert J. Flanagan
1979

Abstract not available.

Retrospective Self-Insight on the Factors Considered in Product Evaluations

Barton Weitz, Peter Wright
1979

The accuracy of young women’s retrospective reports about their use of mental cutoffs and about the number of factors used in evaluating birth control devices was tested. During these evaluations, the women’s mental time horizons were manipulated…

S-Shaped Response Functions: Implications for Decision Models

James Freeland, Charles Weinberg
1979

This paper discusses the implications for analysis and parameter estimation of optimization using S-shaped (convex-concave) response functions. For both unconstrained and constrained optimization and for integer and continuous variables, the…