Summary A long-standing issue in strategy research is the relationship between executive individual characteristics, strategic decisions, and resulting outcomes. I refocus upper echelons theory on executives' psychological processes represented by their self-regulation (promotion vs....

The risk of supply disruptions because of suppliers' financial problems plays a prominent role in manufacturers' risk portfolios. Even large suppliers (e.g., Delphi) could file for bankruptcy, and manufacturers' actions, such as financial subsidies to suppliers, profoundly affect suppliers'...

We introduce an approach for semiparametric inference in dynamic binary choice models that does not impose distributional assumptions on the state variables unobserved by the econometrician. The proposed framework combines Bayesian inference with partial identification results. The method is...

A principal chooses one of n=2 projects or an outside option. An agent is privately informed about the projects' benefits and shares the principal's preferences except for not internalizing her value from the outside option. We show that strategic communication is characterized by pandering: the...

The economic evolution and production has been subject to major shocks and structural changes during the last decades. Beside the standard production factors such as the capital and labour force new production factors for taking into account technological progress and knowledge production and...

Jeg vil i denne artikel forsøge at stille skarpt på fænomenet beslutning. Jeg vil undersøge, hvilke muligheder det giver at stille beslutningsproblematikken op inden for en kommunikationsteoretisk systemteori. Kommunikationsteori sættes i denne sammenhæng i modsætning til handlingsteori....

This paper deals with denumerable-state continuous-time controlled Markov chains with possibly unbounded transition and reward rates. It concerns optimality criteria that improve the usual expected average reward criterion. First, we show the existence of average reward optimal policies with...

This paper deals with denumerable-state continuous-time controlled Markov chains with possibly unbounded transition and reward rates. It concerns optimality criteria that improve the usual expected average reward criterion. First, we show the existence of average reward optimal policies with...