Presented at the Harvard Business School Centennial Conference on Private Equity, New York City, Feb. 13, 2007; the Swedish Institute for Financial Research Conference on The Economics of the Private Equity Market, Stockholm, Sweden, Aug. 30, 2007; American Enterprise Institute Conference on The...

The original cost regulatory system, as currently used in the regulation of utilities and natural gas pipelines, cannot emulate the response of a competitive firm to high and varying inflation. Although there can be many problems introduced by regulatory lag and by high administrative and...

PDF file of slides for Keynote Speech at the RFS-IU Conference on The Causes and Consequences of Recent Financial Market Bubbles, Aug. 12-13, 2005, Bloomington, INNote: SSRN is experimenting with enabling the distribution of different types of files: slides, spreadsheets, video, etc. This is the...

Note: SSRN is experimenting with enabling the distribution of different types of files: slides, spreadsheets, video, etc. This is the second upload of a pdf file of Powerpoint slides. We are interested in our users desires to distribute files that go beyond word processing text files. You can...

Commencement Address given to the University of Toronto, June 15, 2005. In this talk I enumerate and briefly discuss eleven commitments that form the foundations of an extraordinary life and of leadership. They range from a commitment to a never-ending search for truth, a willingness to delay...

In this paper we provide a new definition of leadership that gives organizations and individuals access to new power, performance and accomplishment. In our model leadership consists of four critical elements: -- The creation of a vision for the future that represents a significant departure...

In this paper we provide a new definition of leadership that gives organizations and individuals access to new power. In our model, leadership consists of four critical elements: -- The creation of a vision for the future that represents a significant departure from the past, one that requires...