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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 Evaluation of Alternative Strategies for Expanding the Number of Black-Owned Businesses
Alternative strategies for Black economic development have been debated with great vigor and little rigor. The qualitative, nonanalytic nature of the existing Black economic development literature partially stems from the lack of comprehensive…
An Informal Look at the Principle of Optimality
The Principle of Optimality is examined informally (bereft of notation) in the context of discounted Markov decision processes. The optimality equations and optimality criterion are introduced with discounted Markov decision processes. The…
Bounds and Transformations for Finite Markov Decision Chains
New improved bounds on the optimal return function in finite state and action, infinite horizon, discounted stationary Markov decision chains are developed. They require solving a single constraint, bounded variable linear program, which can be…
Capital Budgeting and Dividend Decisions Under Proportional Flotation Costs and Proportional Brokerage Fees
Abstract not available.
Closed-End Investment Companies in the United States: Risk and Return
Abstract not available.
Cognitive Responses to Mass Communication: Results From Laboratory Studies and a Field Experiment
Abstract not available.
Corporate Liquidity and Bankruptcy Costs
In this paper, the valuation of corporate liquidity is analyzed under conditions of perfect and complete capital markets as well as under conditions where bankruptcy costs exist. Heretofore, the valuation of liquidity has not been examined in a…
Corporate Taxes and Bankruptcy Cost in a Mean-Variance Model of the Effect of Leverage on the Valuation of the Firm
Determining Cost vs. Time Pareto-Optimal Frontiers in Multi-Modal Transportation Problems
This paper provides a framework for choosing modes of transportation (Rail, Highway, Air, etc.) by taking into account the conflicting objectives of minimizing total transportation costs and average shipment times. An efficient algorithm using…
Dividend, Investment And Financing Decisions: Empirical Evidence On French Firms
Abstract not available.
A Dynamic Programming Approach to the Abandonment Decision
The decision about when to abandon a capital investment is formulated as a dynamic programming problem under conditions of both certain and probabilistic cash flows. One period autocorrelation is assumed in the case of uncertain cash flows. A…
Evaluation of Project Risk in Capital Investments with Abandonment Options
This paper develops a formula for calculating the variance of the present value of cash flows for capital investment projects that have an option to abandon the project in each period. The development of the optimal abandonment strategy can be…
A Framework For Analysis Of Coordination Mechanisms In Decentralized Organizations
This paper has three purposes: (1) to present a framework for classifying and analyzing conceptual models of the resource allocation process in a decentralized organization, (2) to explain some different coordination strategies, and (3) to show…
Gold Mining Stocks: An Economic Analysis, 1968-1974
Abstract not available.
Information Requirements for Health Maintenance Organizations
Health Maintenance Organizations have been proposed as a major element in the restructuring of the health care delivery system to help contain costs and bring about improved distribution of services. The structure and responsibilities of these…
Information Systems for Experimental Social Programs -- A Health Services Example
The organizational forms and data requirements of experimental social programs contribute to the necessity for the development of new general purpose file management and data processing systems. The organizational aspects of social research…