This article explores the experience to date under a 1947 British law designed to encourage union participation in economic planning for industries which have not been nationalized. The author feels that the law has fallen far short of original expectations and finds the reasons for this failure...

Utilizing the assumption that the demand function is not objectively known, the paper develops a pricing model of firm. The model, which emphasizes the discretionary nature of the firm's position and provides a formal rationale for it, is then used to examine the reactions of the firm to excise...

Two techniques for estimating risk-adjusted divisional hurdle rates are the analytical approach and the pure-play approach. The analytical approach relies upon theoretical linkages between observable accounting variables and the CAPM beta risk measure. The pure-play approach uses information...