This study has a dual thrust. "Substantively", it revisits Chandler's pragmatic fit-performance directive (Chandler's 'efficiency thesis') or his assertion that firms whose structure matches their strategy become more effective than mismatched firms. It is important to revisit the empirical...

This paper has a dual thrust. First, it provides a parsimonious theoretical investigation into a commonly vexing issue, that of the vast discrepancy between what people are willing to pay in a lump sum and the total present value of installments to which they are willing to commit. An annuity...