The failure of human capital theory to explain firm related effects on wages, new empirical approaches to internal labor markets, and new work on careers have all led to a recent surge in interest in how firm internal structure, and the jobs within firms, help determine wages. The least...

Contrary to previous research we show lack of anonymity is associated with large positive shifts in student evaluation of teaching. The results are consistent with the simple observation that due to higher expected future earning economics and business students have more at stake it terms of...

The decentralized information processing approach pioneered by Radner and Van Zandt endogenously determines the optimal hierarchy for decision making within an organization. The simplest information processing model is the one-shot problem (one set of information to process) which serves as the...

In spatial competition firms are likely to be uncertain about consumer locations when launching products either because of shifting demograph- ics or of asymmetric information about preferences. Realistically distri- butions of consumer locations should be allowed to vary over states and need...

Consider the Hotelling linear spatial duopoly with firm uncertainty over the consumer mean. As uncertainty about the mean grows relative to the dispersion of consumers, competitive locations become socially optimal. A limit result for discontinuous, log-concave densities is also established.

This paper presents a model of a firm preparing to launch a product into a market where consumer preferences change over time and cannot be directly observed. Market research is used in order to determine what type of product to produce. The employees making decisions based on the market...