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Markets for Attention: Will Postage for Email Help?

Sunder, Shyam NMI; Cronin, Matthew A.; Kraut, Robert E.; … - School of Management, Yale University - 2002

Balancing the needs of information distributors and their audiences has grown harder in the age of the Internet. While the demand for attention continues to increase rapidly with the volume of information and communication, the supply of human attention is relatively fixed. Markets are a social...

Persistent link: https://www.econbiz.de/10005368988

Value of the Firm: Who Gets the Goodies?

Sunder, Shyam NMI - School of Management, Yale University - 2002

In the neoclassical model of the firm, value surplus of the firm is assumed to accrue to its owner. Contract model suggests a distribution of the surplus among various agents depending on the imperfections of the markets in which they transact with the firm. If the share of the surplus to an...

Persistent link: https://www.econbiz.de/10005586984

Is the Opportunity Cost of Idle Capacity Zero? Coase (1938) Versus Managerial Accounting Circa 2000

Balakrishnan, Ramamurthy oRamjio; Sivaramakrishnan, K.; … - School of Management, Yale University - 2001

Many accounting textbooks state that the opportunity cost of idle fixed assets is zero. A few exceptions may refer to factors such as repair and overhaul, employee vacation and congestion that give rise to strictly positive opportunity cost. We show that in important and frequently encountered...

Persistent link: https://www.econbiz.de/10005587038

Is the Opportunity Cost of Idle Capacity Zero? Coase (1938) Versus Managerial Accounting Circa 2000

Balakrishnan, Ramamurthy oRamjio; Sivaramakrishnan, K.; … - School of Management, Yale University - 2002

Many accounting textbooks state that the opportunity cost of idle fixed assets is zero. A few exceptions refer to repair, overhaul, employee vacation and congestion, giving rise to positive opportunity cost. We show that in important and frequently encountered situations, idled assets have...

Persistent link: https://www.econbiz.de/10005587154

The Fundamentals of Commodity Futures Returns

Gorton, Gary; Hayashi, Fumio; Rouwenhorst, K. - School of Management, Yale University - 2007

Commodity futures risk premiums vary across commodities and over time depending on the level of physical inventories …, as predicted by the Theory of Storage. Using a comprehensive dataset on 31 commodity futures and physical inventories … between 1969 and 2006, we show that the convenience yield is a decreasing, non-linear relationship of inventories. Price …

Persistent link: https://www.econbiz.de/10008852996