In this study we examine the reasons for the differential adoption levels of a new technology, that of electronic switching, across firms in the US telecommunications industry. Using theoretical postulates from the market-structure inducements approach to firm behavior, and the behavioral theory...

Preface1. PrimerPart 1: Motivation1. Introduction: A pluralistic approach to entrepreneurship research2. The Sciences of the Artificial (Herbert A. Simon) 3. Three Varieties of Knowledge (Donald Davidson)4. The Market as a Creative Process (James M. Buchanan and Viktor J. Vanberg)Part 2: Maker5....

We examine changes in trading activity around stock splits and their effect on volatility and the adverse-information component of the bid-ask spread. Even after controlling for microstructure biases, we find a significant increase in volatility after the split. Changes in total volatility and...