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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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An Inter-Industry Approach to Econometric Cost of Capital Estimation
Abstract not available.
Analysis and Comparison of the Lens and Bayesian Information Processing Paradigms
Two basic paradigms have been used by accounting researchers to model and evaluate financial judgments; the Brunswick Lens and Bayesian paradigms. In this paper we analyze and compare the Lens Bayesian paradigms in terms of the typical questions…
Applications of the Operator Theory of Parametric Programming for the Transportation and Generalized Transportation Problems
Many operations research problems can be modelled as the transportation problem (TP) or generalized transportation problem (GTP) of linear programming together with parametric programming of the rim conditions (warehouse availabilities and market…
Arts Plan. A Model Based System for Use in Planning a Performing Arts Series
This paper is concerned with the application of marketing and management science to some of the problems involved in managing a series of performing arts presentations. Although some of the decisions are argely “artistic” and not subject to…
Behavior of Default-Risk Premiums for Corporate Bonds and Commercial Paper
Abstract not available.
Cognitive Responses To Mass Media Advocacy And Cognitive Choice Processes
Abstract not available.
Common Stock Price Adjustments to Rating Changes: A Methodological Emphasis
Three methodological perspectives are used to investigate the common stock price response to the bond reclassifications of 180 New York Stock Exchange firms for the period 1960-1975. They comprise a (traditional) residuals approach, a…
Common Stocks, Index Linked and Ordinary Bonds, Short Term Interest Rates and Inflation in France, 1960-1975
Rates of return on French common stocks have been below the returns on short-term loans for most holding periods from 1960-75. Furthermore, common stocks have provided negative real returns on average. In contrast, French index linked bonds and…
Communication and Decision Making: A Cross Cultural Study of Japanese and American Companies in the United States and Japan
Based on measures across a variety of dimensions, this paper reports on the communications and decision making practices of Japanese firms operating in Japan and the United States as compared to American firms operating in the United States. The…
Competition of Alternative Health Care Delivery Systems
Abstract not available.
Competitive Bidding in the Underwriting of Public Utilities Securities
Abstract not available.
Control in Organizational Hierarchies: Coupled Versus Uncoupled
Abstract not available.
A Convergence Theorem for Competitive Bidding With Differential Information
This paper investigates the behavior of the winning bid in a sealed bid tender auction where each bidder has private sample information. With an appropriate concept of value, the winning bid will converge in probability to the value of the object…
Decision Times and Processes on Complex Decision Problems
In analysing what factors influence how long a consumer deliberates on a complex preferential choice problem, attention should be given to the antecedents of internal “conflict”, the decomposition of the decision process into stages, the tactical…
Divergent Rational Expectations Equilibrium in a Dynamic Model of a Futures Market
Abstract not available.
Dynamic Choice Theory and Dynamic Programming
Finite horizon sequential decision problems with a “temporal vonNeumann-Morgenstern utility” criterion are analyzed. This criterion, as developed in [7], is a generalization of vonNeumann-Morgenstern (expected) utility of the vector of rewards,…
Elimination of the Double Taxation of Dividends and Corporate Financial Policy
Abstract not available.
Employment Practices and Employee Attitudes: A Study of Japanese and American Managed Firms in the United States
Abstract not available.
Estimation of a Noninvertible Moving Average Process: The Case of Overdifferencing
The effect of differencing all of the variables in a properly specified regression equation is examined. Excessive use of the difference transformation induces a noninvertible moving average (MA) process in the disturbances of the transformed…