This thesis examines the association between insider trade behavior and participation within Rule 10b5-1 trade plans to provide evidence about how insiders respond to regulation that reduces litigation risk and how the Rule affects insiders informed trade profits. Rule 10b5-1 includes a safe...

The economic decisions of rational agents can be analyzedby theoretical models and/or empirical models. This dissertationconsists of two different applications of empirical models on twodifferent economic conundrums, both based on theoretical hypotheses.The first chapter introduces the related...

This paper develops and estimates a structural model of production and inventory behavior for manufacturing plants in two Colombian industries, metal products and plastic product, from 1977 to 1991. Plant level decisions on production, inventories, sales, entry, and exit are developed using an...

This thesis consists of three chapters on dynamic oligopoly models. In the first chapter, I emphasize the importance of strategicbehavior by entrants. I provide a model of endogenous entry in which potential entrants can influence their product quality in the entrystage by varying the level of...

The gradual development of establishment and firm-level micro data has lead to a large body of empirical work in industrial organization. This dissertation extends this work by incorporating firm and market heterogeneity into the empirical analysis. Using the Census of Manufactures, we construct...

Increases in wages and the appreciation of the New Taiwanese dollar since the mid-1980s have significantly altered the environment in which firms operate and survive. In particular, as more countries have liberalized their trade and foreign investment policies, Taiwanese firms have been...

This paper investigates the relationship between commercial banks accrual choices and the likelihood of their takeover. I study a sample of 2,414 commercial bank holding companies (banks) over the period of 1987 through 1998. The sample consists of 14,574 bank-years. I perform two complimentary...

We observe a very distinct pattern of entry and exit in the oil industry. Significant numbers of well openings and closings are only observed during periods of very high oil prices and very low oil prices, respectively. A band of inaction lies between the high entry and the low exit price....

ABSTRACTCHAPTER 1: A Structural Empirical Model of R&D Investment, Firm Heterogeneity, and Industry EvolutionThis paper develops and estimates a structural model of R&D investment and productivity evolution of manufacturing plants in the Korean electric motor industry from 1991 to 1996....

This thesis consists of three essays. In the first essay we study monopolistic pricing, with a capacity constraint, of a good that loses its value T periods after it is put on sale for the first time. Buyers only obtain utility just before the good loses its value. Examples of such goods include...