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A Direct Aggregation Approach to Inferring Microparameters of the Koyck Advertising-Sales Relationship from Macro Data
This paper examines the advertising-sales relationship in the framework of the Koyck model. We note that if only macro (e.g., annual) data are available then it is necessary to approximate micro (e.g., monthly) data in order to minimize the “data…
Dynamic Process Improvement
This paper explores the economics of investing in gradual process improvement. We seek to understand better the economics of the well known Just-in-Time and Total Quality Control philosophies, both of which promote gradual technological…
Economic Rationales for Hierarchical Control
Abstract not available.
Effects of Brand Loyalty on Competitive Price Promotional Strategies
This paper analyzes the role played by brand loyalty in determining optimal price promotional strategies used by firms in a competitive setting. Our objective is to explain how loyalties toward the competing brands influence whether or not firms…
First-Mover Advantages
This article surveys the theoretical and empirical literature on mechanisms that confer advantages and disadvantages on first-mover firms. Major conceptual issues are addressed, and recommendations are given for future research. Managerial…
Helping the Group or Helping One's Self? Cognitive-Motivational Determinants of Cooperation in Resource Conservation Dilemmas
Abstract not available.
Hybrid Organizations as Strategic Alliances: Theoretical and Practical Issues in Organizational Combinations
The phenomenon of hybridization, through which two or more extant firms form a new firm, raises significant questions for both scholars and managers. This paper outlines the unique characteristics common to these strategic alliances and shows how…
Inequality and Labor Processes
Abstract not available.
Institutional Structure and the Logic of Ongoing Collective Action
Work by Axelrod, Hardin, and Taylor indicates that problems of repeated collective action may lessen if people use decentralized strategies of reciprocity to induce mutual cooperation. Hobbes’ centralized solution may thus be overrated. We…
Labor Relations and the Litigation Explosion
This book explores why the National Labor Relations Act, which was expected to produce greater agreement between labor and management over the conduct of labor relations, instead produced increasing litigation over alleged unfair labor practices…
Leadership Measure of Stanford MBAs
While in school, Stanford MBA students were given a test battery chosen to predict managerial potential. This battery included several instruments that attempt to measure leadership, Leadership Opinion questionnaire, McClelland’s Test of…
Learning from Strategic Success and Failure
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…
Monitoring of Performance in Organizational Contracting: The Case of Defense Procurement
This paper presents an agency theoretic analysis of defense procurement contracts. In the model presented the government designs optimal linear compensation contracts for a risk-averse supplier in the presence of moral hazard, private…
Nuclear Weapons, Peace and the Security Dilemma: The Role of Cognitive Processes in Deterrence
For the past forty years, deterrence theory has played a central role in the evolution of U.S. nuclear strategy and national security policy. Proponents of deterrence point to the historical record to argue the theory “works”. Recent critiques of…
On Auditors and the Courts in an Adverse Selection Setting
We study the role an auditor plays in distinguishing among different bankruptcy-risk classes in a setting in which a lender cannot observe the bankruptcy probability of a borrower. The auditor strategically chooses her work intensity as well as…
On DGM and DCS on NBD
The authors have provided an excellent and readable review of the Negative Binominal Distribution (NBD) model and how various violations of its assumptions may impact inferences which may be drawn from the model. They provide a theory of the…
Pluralistic Ignorance: When Similarity Is Interpreted as Dissimilarity
Pluralistic ignorance occurs when individuals infer that the identical actions of the self and others reflect different internal states. We propose that pluralistic ignorance arises most commonly in contexts where individuals believe that fear of…