Publications

Credible tests of hypotheses about power require credible measures of power. Roll rates purport to measure the relative power of the parties in legislatures. This article develops and employs a baseline model to assess roll rates. Although on the…

Personnel economics drills deeply into the firm to study human resource management practices like compensation, hiring practices, training, and teamwork. Why should pay vary across workers within firms — and how “compressed” should pay be within…

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…

This article draws on a new dataset of House primary- and general-election outcomes (1956–98) to examine the relationship between primary elections and candidate ideology. We show that, like presidential candidates, congressional candidates face…

Although past research has failed to establish a link between protest and policy change, we reexamine the relationship at the agenda-setting stage of policymaking. We assert that protestors compete for attention among lawmakers at the agenda-…

This paper provides an analysis of the structure of the health care delivery system, emphasizing physician group practices. The authors argue for comprehensive integrated delivery systems (IDSs). The jumping-off point for their analysis is the…

We estimate parameters from data on discrete dynamic games, using entry/exit games to illustrate. Semiparametric first-stage estimates of entry and continuation values are computed from sample averages of the realized continuation values of…

Because of long lead times associated with product development and building capacity, a supplier must initiate investment in capacity when the product development effort is ongoing. Because the product is ill defined at this point in time, the…

Six studies explored the hypothesis that third parties are averse to resolving preference disputes with winner-take-all solutions when disputing factions belong to different social categories (e.g. gender, nationality, firms, etc.) versus the…

This paper uses social movement theory to examine one way in which secondary stakeholders outside the corporation may influence organizational processes, even if they are excluded from participating in legitimate channels of organizational change…

In a variety of industries ranging from agriculture to electronics and oil, procurement takes place through a combination of bilateral fixed-price contracts and open market trading among supply chain participants, which allows them to improve…

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…

This paper shows how the intraday allocation and pricing of overnight loans of federal funds reflect the decentralized interbank market in which these loans are traded. A would-be borrower or lender typically finds a counterparty institution by…

The purpose of this study is to investigate the relationship between technological capabilities and firm performance. We divide technological capabilities into two types refinement capability, which involves the improvement of the existing asset…

We investigate why new, high-risk technologies can attract excessive and often unprofitable investment. We develop an equilibrium model in which rational, risk-averse agents overinvest in a risky technology, possibly to the point that its…

This article estimates the effects of dividends on consumption and the implied effects of the 2003 dividend tax cuts. “The Effect of Dividends on Consumption” was a paper presented at the Brookings Panel on Economic Activity on March 29 and 30,…

In October 2005, in an auditorium filled to capacity, Wal-Mart President and CEO Lee Scott made the company’s first speech to be broadcast to 1.6 million employees in all 6,000+ stores worldwide — and shared with its 60,000+ suppliers. Scott…