Recently there has been a growing interest in the use of corporate entrepreneurship as a means for corporations to enhance the innovative abilities of their employees and, at the same time, increase corporate success through the creation of new corporate ventures. However, the creation of corporate activity is difficult since it involves radically changing internal organisational behaviour patt...

When company stock is one of the options in a 401(k) plan then even more serious diversification problems can occur. As the recent Enron experience has highlighted, employees with large company stock holdings in their 401(k) plan can discover that they have lost much of their retirement wealth at the very time that they are also losing their job. Even in less drastic circumstances, concentratin...

This paper applies and further develops a research model of the relationships between business model dimensions, intrinsic and extrinsic attributes of mobile services, and their perceived end-user values (Pedersen and Methlie, 2004). The model suggests a set of hypotheses on the effects of service providers’ choice of revenue model, governance form and service strategy on direct network effects...

In this paper I analyze how debt structure and the strategic interaction between shareholders and creditors in the event of default a¤ect expected stock returns. By endogenizing shareholders’decision to default, the model generates new predictions linking …rm characteristics to expected stock returns through an intuitive economic mechanism. In particular, the model predicts that expected stock ...

This work lies in the fusion of experimental economics and data mining. It continues author’s previous work on mining behavior rules of human subjects from experimental data, where game-theoretic predictions partially fail to work. Game-theoretic predictions aka equilibria only tend to success with experienced subjects on specific games, what is rarely given. Apart from game theory, contemporar...

We study a simple sequential allocation mechanism for allocating indivisible goods between agents in which agents take turns to pick items. We focus on agents behaving strategically. We view the allocation procedure as a finite repeated game with perfect information. We show that with just two agents, we can compute the unique subgame perfect Nash equilibrium in linear time. With more agents, c...

We report on a series of experiments that examine bidding behavior in first-price sealed bid auctions with symmetric and asymmetric bidders. To study the extent of strategic behavior, we use an experimental design that elicits bidders’ complete bid functions in each round (auction) of the experiment. In the aggregate, behavior is consistent with the basic equilibrium predictions for risk neutra...

This work develops a model of strategic uncertainty in the context of a coordination game. A tractable dynamic system determines the evolution of behavior and beliefs. The learning process is multifaceted as behavior is controlled not only by simple responses that result from reinforcement learning but it is also influence by Bayesian inferences and strategic reasoning. Strategic uncertainty ca...

We introduce and analyze two-period intertemporal competitive dynamic pricing models in the presence of both store-switchers and store-loyal consumers who may be either myopic or strategic. Our analysis reveals that (i) in the presence of storeswitching consumers, retailers’ profits may increase with an increase in the patience level of the strategic consumers, which never happens when consumer...

Models of strategic candidacy analyze the incentives of candidates to run in an election. Most work on this topic assumes that strategizing only takes place among candidates, whereas voters vote truthfully. In this paper, we extend the analysis to also include strategic behavior on the part of the voters. (We also study cases where only candidates or only voters are strategic.) We consider two ...