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Arbitrage and Equilibrium in Economies with Infinitely Many Commodities
Aspects of Monetary and Banking Theory and Moral Hazard
Abstract not available.
Brand Life Cycle and Dynamic Market Communications Elasticities
Abstract not available.
Commercial Use of Conjoint Analysis: A Survey
Abstract not available.
Common Stock Returns and Rating Changes: A Methodological Comparison
This paper examines the adjustments in a firms common stock price during the eleven months before and during the month of announcement of a bond rating change. Based on several different measures of abnormal security return, the findings are…
Communication Research Guidelines for Corporate Communication
Abstract not available.
A Complete Analysis of Efficient Funds and Full Pareto-Efficiency in Financial Markets
In this paper we develop the complete analysis of the necessary and sufficient conditions for the full Pareto-efficiency of financial markets. We show that full-Pareto efficiency obtains in exchange markets if and only if a type of partition of…
Cost Allocation Games
Considerable recent literature uses game theory techniques to enhance our understanding of cost allocation. These studies typically begin with a setting in which allocation is required and then derive or suggest properties that the required…
Decision Aids for MBA Program Admissions: Predicting Academic Performance
An approach for aiding and strengthening the MBA admissions process is proposed. The approach derives from the empirical finding that actuarial models out-predict clinical judgments. Multiple-regression models are used to make predictions of the…
Forecasting the Effectiveness of Work-Trip Gasoline Conservation Policies through Conjoint Analysis
Policies such as tax surcharges on gasoline and reductions in transit fare were examined for their potential effectiveness in conserving gasoline. Individual level preference functions to predict work-trip modal choice (auto, public transit…
Improving Managerial Effectiveness Through Modeling Based Training
Abstract not available.
Improving Predictive Power of Conjoint Analysis by Constrained Paramenter Estimation
Predictions based on the full-profile method of conjoint analysis can be significantly improved by imposing a priori constraints on the estimated parameters. The a priori constraints are based on relative preferences for different levels within…
Innovation and Communication: Signaling with Partial Disclosure
Abstract not available.
Intra-Industry Information Transfers Associated With Earnings Releases
The impact that a firm’s earnings releases have on the stock prices of other firms in its industry i s examined. For an identifiable subset of firms, the results are consistent with a significant information transfer occurring between the…
Irreversibility, Uncertainty, and Cyclical Investment
This paper builds on the theory of irreversible choice under uncertainty to give an explanation of cyclical investment fluctuations. The key observation is that, when individual projects are irreversible, agents must make investment timing…
Markets in Microcosm: Some Efficiency Properties of Vertical Integration
Abstract not available.
Martingales and Stochastic Integrals in the Theory of Trading
This paper develops a general stochastic model of a frictionless security market with continuous trading. The vector price process is given by a semimartingale of a certain class, and the general stochastic integral is used to represent capital…
A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues
This paper presents a theory of the demand for investment banking advising and distribution services for the case in which the investment banker is better informed about the capital market than is the issuer and the issuer cannot observe…
Modeling-Based Organizational Development: A Longitudinal Assessment
Abstract not available.
Multivariate Tests of Financial Models: A New Approach
Abstract not available.