Working Papers

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On the Optimality of Structured Policies in Countable Stage Decision Processes, III: Regular Terminal Value Functions

Evan L. Porteus
1975

The study of structured countable stage decision processes is continued. Rather than requiring the terminal value functions to be what are called regular-structured [6], we only require them to be regular. Since the infinite horizon values are…

Optimal Initiation of Bankruptcy Proceedings by Debt Holders

James C. Van Horne (1935–2025)
1975

Abstract not available.

Optimal State-Dependent Pricing Policies for a Class of Stochastic Multi-Unit Rental Systems

Mahendra Gupta, V. “Seenu” Srinivasan, Po Lung Yu
1975

This paper models a k-unit rental system with Poisson arrivals, exponential service times and no queue. Denoting the number of units that are out on rent as the state of the system, the state-dependent pricing model formalizes the intuitive…

Organizational Control and Work Satisfaction

Mary Ann Maguire, William G. Ouchi
1975

Data from 2,398 employees of two retail companies indicate that the relationship between control and job satisfaction is complex. Control does not produce low job satisfaction unless the supervisor using the control is seen as unfair or as…

Public Goods, Collective Choice, and the Regulated Firm

J. Michael Cummins
1975

Abstract not available.

Sharing Rules and Equilibrium in an International Capital Market Under Uncertainty

Frederick L.A. Grauer, Robert H. Litzenberger, Richard E. Stehle
1975

Abstract not available.

Some Organizational Properties of Resource Directive Allocation Mechanisms

Jeffrey H. Moore, James R. Freeland
1975

This paper discusses some of the organizational aspects of a class of decentralized resource allocation mechanisms based in theory upon decomposition of linear programs. Organizational aspects refer to those attributes which have behavioral…

A State-of-the Art Analysis of Behavioral Accounting Research

Thomas R. Hofstedt
1975

Abstract not available.

The Concept of the Amount of Information in Information Evaluation

Hiroyuki Itami
1975

Abstract not available.

The Relationship Between Organizational Structure and Organizational Control

William G. Ouchi
1975

This paper reports on the nature of control in 78 retail department store companies. It begins with the argument that control and structure have not been clearly distinguished in the literature on organizations. Control is not the same thing as…

The Theory of Recapitalizations Under Incomplete Capital Markets and the Evidence of Dual Purpose Funds

Robert H. Litzenberger, Howard B. Sosin
1975

Abstract not available.

The Time Series Behavior of Quarterly Earnings: Preliminary Evidence

Paul A. Griffin
1975

Abstract not available.

The Valuation of Options for Alternative Stochastic Processes

Stephen Ross, John Cox
1975

This paper examines the structure of option valuation problems and develops a new technique for their solution. It also introduces several jump and diffusion processes which have not been used in previous models. The technique is applied to…

Triangular Factorization and Generalized Upper Bounding Techniques

Evan L. Porteus, Markku Kallio
1975

A compact inverse method is developed for linear programming problems having block triangular or sparse constraint matrices. Special cases of the method are, for example, the generalized upper bounding technique and its extensions. For these…

Women Economists: Career Aspirations, Education and Training

Myra H. Strober
1975

Abstract not available.

An Algorithm for Determining Optimal Sales Commissions

John U. Farley, Charles B. Weinberg
1974

Relatively simple experimental data which embody a salesman’s assessment of relationships between his efforts and sales are used in a computational algorithm to determine the parameters of a functional relationship between sales volume and sales…