Includes bibliographical references (p. 30-31).

"September 1993." Printed 2 columns per page.

In previous work we showed that a model that integrates job assignment, human-capital acquisition, and learning can explain several empirical findings concerning wage and promotion dynamics inside firms. In this paper we extend that model in two ways. First, we incorporate schooling into the...

Includes bibliographical references (p. 46-56).

Thesis (Ph. D.)--Massachusetts Institute of Technology, Sloan School of Management, 1991.

In this paper we consider a number of experiments to determine whether aspiring managers can solve non-market strategy problems. Conducting a survey of nearly 300 MBA students, we show that with simple, single-stage problems, managers are very competent in reaching the optimal choice given their...

"December, 1986." "A slightly revised version of this paper will appear in Communications of the ACM."