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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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Ability and Employer Learning: Evidence from the Economist Labor Market
I study the human capital development and firm-worker matching processes for PhD economists. This group is useful for this purpose because the types of jobs they hold can be easily categorized and they have an observable productivity measure (…
Adaptive Self-Explication of Multi-Attribute Preferences
In this research we propose a web-based adaptive self-explicated approach for multi-attribute preference measurement (conjoint analysis) with a large number (ten or more) of attributes. In the empirical application reported here the proposed…
Computational Methods for Oblivious Equilibrium
Oblivious equilibrium is a new solution concept for approximating Markov perfect equilibrium in dynamic models of imperfect competition among heterogeneous firms and has recently been used in multiple economic studies. In this paper, we present…
Cross-Boundary Disruptors: Powerful Inter-Industry Entrepreneurial Change Agents
Based on comparative case studies of Apple Computers strategic actions in the music and cellular telephony industries, we develop the concept of cross-boundary disruptor as a new type of entrepreneurial actor in inter-industry strategic dynamics…
Customer Compliance with Presumed Market Research Goals: Motivational Drivers of Negative Service Evaluations
The findings and value of market research depend critically on consumers understanding of the research objectives and their roles. The present research presents a three-phase investigation of the impact of research participants theories about…
A Decomposition Algorithm for N-Player Games
An N-player game can be approximated by adding a coordinator who interacts bilaterally with each player. The coordinator proposes strategies to the players, and his payoff is maximized when each player’s optimal reply agrees with his proposal.…
Determinants of Margins in the Distribution Channel: An Empirical Investigation
In this paper we describe how margins in the channel vary over time within a product category and identify the market, manufacturer, and retailer characteristics that explain this variation. To obtain the equilibrium margins, we explicitly model…
Do Frequency Reward Programs Create Switching Costs? A Dynamic Structural Analysis of Demand in a Reward Program
This paper examines a common assertion that customers in reward programs become “locked in” as they accumulate credits toward earning a reward. We define a measure of switching costs and use a dynamic structural model of demand in a reward…
Estimating Dynamic Models of Imperfect Competition
We describe a two-step algorithm for estimating dynamic games under the assumption that behavior is consistent with Markov perfect equilibrium. In the first step, the policy functions and the law of motion for the state variables are estimated.…
A Formal Theory of Multiple Category Memberships and Two Empirical Tests
This paper integrates two perspectives on why producers who span categories suffer social and/or economic disadvantage. According to the audience-side perspective, audience members refer to established categories to make sense of producers; they…
A Hidden Markov Model of Customer Relationship Dynamics
This research models the dynamics of customer relationships using typical transaction data. It permits the evaluation of the effectiveness of customer-brand encounters on the dynamics of customer relationships and the subsequent buying behavior.…
Information Disclosure and Unraveling in Matching Markets
This paper explores information disclosure in matching markets, e.g., the informativeness of transcripts given out by universities. We show that the same, benchmark, amount of information is disclosed in essentially all equilibria. We then…
International Accounting Standards and Accounting Quality
We examine whether application of International Accounting Standards is associated with higher accounting quality. The application of IAS reflects the combined effects of features of the financial reporting system, including standards, their…
Let Chaos Reign, Then Rein In Chaos - Repeatedly: Managing Strategic Dynamics For Corporate Longevity
Combining longitudinal field research and executive experience, we propose that corporate longevity depends on matching cycles of autonomous and induced strategy processes to different forms of strategic dynamics, and that the role of alert…
Markov Perfect Industry Dynamics with Many Firms
We propose an approximation method for analyzing Ericson and Pakes (1995)-style dynamic models of imperfect competition. We develop a simple algorithm for computing an oblivious equilibrium, in which each firm is assumed to make decisions based…
Metastable Equilibria
We define a refinement of Nash equilibria called metastability. This refinement supposes that the given game might be embedded within any global game that leaves its local best reply correspondence unaffected. A selected set of equilibria is…
No Barrique, No Berlusconi: Collective Identity, Contention, and Authenticity in the Making of Barolo and Barbaresco Wines
How does contention over authenticity unfold through social movement processes of mobilization and counter-mobilization? We address this issue by studying how the rise of modern winemaking practices embodied authenticity as creativity, how the…
On Forward Induction
We examine Hillas and Kohlberg’s conjecture that invariance to the addition of payoff-redundant strategies implies that a backward induction outcome survives deletion of strategies that are inferior replies to all equilibria with the same outcome…
Policy Dynamics and Inefficiency in a Parliamentary Democracy with Proportional Representation
This paper presents a dynamic model of election, government formation, and legislation in a parliamentary democracy with proportional representation in which the policy chosen in one period becomes the status quo for the next period. The…
Supply Function Equilibrium in a Constrained Transmission System
This article characterizes a supply function equilibrium in an auction market constrained by limited capacities of links in a transportation network and limited input/output capacities of participants. The formulation is adapted to a wholesale…