Publications

Inventory theory deals with the management of stock levels of goods, with the intent of effectively meeting demands for those goods. We say the demands for goods are made by buyers and are met by sellers, regardless of whether monetary exchange…

Abstract not available.

This paper studies time-variation in the expected returns of common stocks, using linear models with constant “beta” coefficients and the methodology of Gibbons and Ferson. We examine individual stocks and portfolios formed on the basis of firm…

I examine the complexity of computing a best response automaton in a two-person repeated game when there is uncertainty about the automaton selected by the other player. There are two versions of this problem: 1. Finding a best response automaton…

This research examines the nature of dynamic consumer response to point-of-purchase pricing and promotional activity. The authors begin with the premise that consumers form expectations about future pricing and promotion based on their exposure…

Abstract not available.

In this research, we examine the nature of promotional pricing activity by manufacturer and retailer. We analyze the relationship as a single period sequential game between a manufacturer offering a single brand A and an independent retailer who…

This paper evaluates entry and survival rates in a sample of 39 chemical product industries. The analysis focuses on learning-based cost advantages potentially held by incumbent firms. A logit model of entry gives no evidence that entry decisions…

This article develops a theory in which concentrated-trading patterns arise endogenously as a results of the strategic behavior of liquidity traders and informed traders. Our results provide a partial explanation for some of the recent empirical…

This paper develops a theory in which concentrated trading patterns arise endogenously, as a result of the strategic behavior of liquidity traders and informed traders. Our results provide a partial explanation for some of the recent empirical…

Abstract not available.

A perennial topic of interest among legislative scholars is the relationship between votes won by parties in the electoral arena and seats won in the legislative arena. In studying this relationship scholars rely on a common concept—the swing…

This paper examines the bundling strategy for a firm which sells an industrial system. Such a system consists of several distinct components which must be used together in order for the overall system to be operational. Examples include computer…

It has been proposed that the emotions expressed by role occupants influence the behavior of others. We hypothesized a positive relationship between employees’ display of pleasant emotions to customers and sales in retail stores and tested that…

The article reviews the book “Designing Effective Work Groups,” by Paul S. Goodman.

Organizations facing complex, ambiguous, and dynamic environments find adaptive learning a key to survival and success. This study proposes three models of organization response in such environments: 1) A model of how aspiration levels or goals…

In this article we integrate three disparate views of culture and cultural change. With each view comes a distinct set of implications about the nature, scope, source(s), and consequences of culture change. Each view also suggests distinct…