We examine how universal service provisions and price restrictions across markets impact
strategic entry and pricing. We develop a simple multi-market model with an oligopolistic (…

A study by Cragg and Malkiel (1982) suggests that the stock valuation process embodies
analysts' forecasts, rather than historically based growth figures. Based on data for the 1960s, …

A common formulation of the portfolio selection problem leads to the prescription of a strategy
which maximizes the geometric mean return on investments. In this paper we examine …

Domestic airlines, commercial banks, and motor trucking are oft-cited examples of industries
in which price and the number of competitors are regulated, but firms compete freely on …

Banking has been a fertile area for management science applications, as is evident from the
review provided in this paper. The relevant management science models are discussed in …

In this paper we analyze the capital budgeting problem of an organization which contains a
central headquarters and K divisions. The headquarters serves as the planner-coordinator of …

In this paper, we examine how cross-market price restrictions impact strategic entry and
pricing decisions. A motivating example is the 1996 Act in the United States which opens …

Efficient management of the short-run investment/financing portfolio can often generate
significant improvement in a firm's profitability. This paper describes a computer tool that permits …

We began this paper by posing four questions about the characteristics of optimal geometric
mean portfolios. Tentative answers to these questions were obtained from an examination …

This paper describes a statistical model of the firm's daily disbursements that follows the
logic of the payments pattern approach to cash forecasting. The model provides reasonable …