Publications

We analyze a numerical scheme for solving the consumption and investment allocation problem studied in a companion paper by Hindy, Huang, and Zhu (1993). For this problem, Bellman’s equation is a differential inequality involving a second order…

Rather than portray institutions as de jure constraints on behavior that bind in all circumstances, recent formal theories of legislatures have begun to portray institutions more plausibly as de facto constraints on behavior in most circumstances…

We study a model of consumption choice and portfolio allocation that captures, in two different interpretations, the combined effect of durability of consumption goods and habit formation over service flows from those goods. In a third…

We present a new methodology for studying the general problem of labor contracting within a firm’s boundaries where contracts provide only a minimal commitment to wages and employment. Given the peculiar contractual incompleteness of labor…

For the first time, prominent scholars of the major disciplines in organization studies come together to search for common ground. Economists, sociologists and psychologists put aside their disciplinary, their language and paradigm barriers, in…

*Reprinted in Hatch, M. J., & Schultz, M. (Eds.), Organizational identity, pp.223-274. Oxford, Eng: Oxford University Press, 2004.

Four studies examined the relation between college students’ own attitudes toward alcohol use and their estimates of the attitudes of their peers. All studies found widespread evidence of pluralistic ignorance: Students believed that they were…

Returns policies are widely used in the marketing of products and services. That they do much more than provide insurance is, however, not well known. In this paper, we develop a number of other rationales for distributor and consumer returns…

In this paper, we develop a conceptual framework to explore why particular technologies become elaborated and extended, while others are forsaken. The core of the framework is the role-based conception of the technological niche, which is…

This essay presents a sequential choice theory perspective on legislative organization as an alternative to social choice-based theories. Because of the sequential process of proposal-making and voting, sequential choice theory yields equilibrium…

Theory and methods from organizational ecology and the strategy field are combined to predict the dynamic consequences of strategic deterrence. A model is developed to investigate which strategies will prevail through an industry ‘shake out’ when…

The role of suspicion in the dispositional inference process is examined. Perceivers who are led to become suspicious of the motives underlying a target’s behavior appear to engage in more active and thoughtful attributional analyses than…

This paper provides perspectives on research on regulation, identifies an agenda of research topics, and discusses approaches to some of those topics. The focus is on a set of presently-identified issues on which social science research may be…

Tax systems around the world are designed to raise revenues in an equitable and efficient manner. While equity and efficiency are defined differently in various tax jurisdictions, most tax systems seek to implement a system of progressive tax…

The gains from exchange hypothesis of legislative organization predicts that legislative authority is allocated in accord with legislator’s extremity or intensity of preferences. By adopting such patterns of authority, it is claimed legislators…

Managed competition in health care is an idea that has evolved over two decades of research and refinement. It is defined as a purchasing strategy to obtain maximum value for consumers and employers, using rules for competition derived from…