We empower faculty to design and discover original research that challenges conventions and creates breakthroughs that push boundaries of knowledge.
Publication Types
Journal Articles
Books
Working Papers
Case Studies
Browse Publications
Interpreting the Factor Risk Premia in the Arbitrage Pricing Theory
In the arbitrage pricing theory of Ross, assets’ expected returns are shown to be approximately linear in the factor loadings of the process generating returns. This note provides a very simple and direct proof of the proposition that the…
Market Growth, Economies of Scale, and Capacity Expansion in the Chemical Processing Industries
What factors determine the size of new industrial plants? This study uses data on 23 chemical products to test alternative models of capacity expansion, including: (1) the Manne model, which yields a constant cycle time between plant construction…
Marketing/Manufacturing Interfaces
Reprinted- Gestion 2000, Vol 2, No. 5, 1986
Measuring Investment Performance in a Rational Expectations Equilibrium Model
A Model of Balanced Choice Behavior
In some product categories, consumers appear to alternate among items in a consistent and purposeful, though not entirely deterministic, fashion. Such alternation occurs even in the absence of any apparent external influence on choice. We…
Modeling Competitive Infringement on Brand Name
When a brand promotes or cuts its price, the competitive effects on other brands within the product category may differ widely in magnitude. However, many brand choice models are not equipped to deal with differential or asymmetric competitive…
Modeling Organizational Slack: An Empirical Investigation
Organizational slack is a variable frequently used in organization studies to predict such organizational processes as search behavior, innovation, goal conflict, political behavior, and risk taking. However, it has remained a fairly ambiguous…
Modeling the Role of History in Industrial Organization and Competition
A Monopolistic Market for Information
We analyze a model where traders buy information from a monopolistic seller, which is subsequently used in a speculative market. In order to overcome the dilution in the value of information due to its leakage through informative prices, the…
Multiperiod Security Markets With Differential Information: Martingales and Resolution Times
Abstract not available.
Mutual Fund Performance Evaluation: A Comparison of Benchmarks and Benchmark Comparisons
Abstract not available.
A Noisy Rational Expectations Equilibrium for Multi-Asset Securities Markets
This paper finds in closed form a noisy rational expectations equilibrium
for a class of economies with many risky assets and analyzes the properties of such equilibria. Because of the various interactions between the assets, phenomena…
Old-Boy Networks as Screening Mechanisms
On the Distributional Conditions for A Consumption Oriented Three Moment CAPM
In this paper we develop sufficient conditions on probability distributions for a three moment (mean, variance, skewness) consumption oriented capital asset pricing model (CAPM) to price correctly a subset of assets. The assumptions that…
On the Measurement of Operating Exposure to Exchange Rates: A Conceptual Approach
Abstract not available.
Organization Culture
This five-part volume has two purposes: to explore the connections between culture inside and outside organizations, and to focus on a diverse range of methodologies useful in understanding organizational symbols, rituals, language, and…
Organizational Demography: Implications for Management
Abstract not available.
Parallel Systems: Redundancy in Government
