1,055 research outputs found
Formal Measures in Informal Management: Can a Balanced Scorecard Change a Culture?
We extend traditional agency theory by exploring the roles for formal measures when managerial behavior is not governed by rules, formulas, or contracts. Part I describes relational incentive contracts with informal weights on formal performance measures. More importantly, it also explores how formal measures could be used in models of informal management, such as adaptation and coordination, politics and influence, leadership, and informal authority. Part II considers the benefits from allowing key stakeholders to develop their own, potentially inferior, performance measures. The collaboration to create a "balanced scorecard" of performance measures can help change an organization's culture
Generalized entropy and Noether charge
We find an expression for the generalized gravitational entropy of Hawking in
terms of Noether charge. As an example, the entropy of the Taub-Bolt spacetime
is calculated.Comment: 6 pages, revtex, reference correcte
Rational-Expectations Equilibrium in Intermediate Good Markets
We analyze a rational-expectations model of information acquisition and price formation in an intermediate- good market: prices and net supply are non-negative, there are no noise traders, and the intermediate good has multiple potential uses. Several of our results differ from the classic Grossman-Stiglitz approach. For example, the price mechanism is more informative at high and low prices and potentially uninformative at middle prices. Also, an informed trade by a producer of one final good amounts to a noise trade from the perspective of a producer of another final good, so (a) as the price mechanism becomes more informative for producers of one final good, it becomes less informative for producers of others, who therefore have a stronger incentive to acquire information, so information acquisition has the strategic-complements property between groups, and (b) having more producers (in multiple groups) become informed need not increase the informativeness of the price mechanism.
Learning and Wage Dynamics
We develop a dynamic model of learning and wage determination: education may convey initial information about ability, but subsequent performance observations also are informative. Although the role of schooling in the labor market's inference process declines as performance observations accumulate, the estimated effect of schooling on the level of wages is independent of labor-market experience. In addition: time-invariant variables correlated with ability but unobserved by employers are increasingly correlated with wages as experience increases; wage residuals are a martingale; and wage cuts -are not rare, even for workers who do not change jobs. We present evidence from the National Longitudinal Survey of Youth that is generally consistent with all four of the model's predictions. We conclude that a blend of the learning model with an on-the-job-training model is more plausible than either model alone.
Statistical Mechanics of Black Holes
We analyze the statistical mechanics of a gas of neutral and charged black
holes. The microcanonical ensemble is the only possible approach to this
system, and the equilibrium configuration is the one for which most of the
energy is carried by a single black hole. Schwarzschild black holes are found
to obey the statistical bootstrap condition. In all cases, the microcanonical
temperature is identical to the Hawking temperature of the most massive black
hole in the gas. U(1) charges in general break the bootstrap property. The
problems of black hole decay and of quantum coherence are also addressed.Comment: 21 page
The Diversity of Concentrated Prescribing Behavior: An Application to Antipsychotics
Physicians prescribing drugs for patients with schizophrenia and related conditions are remarkably concentrated in their choice among antipsychotic drugs. In 2007 the single antipsychotic drug prescribed by a physician accounted for 66% of all antipsychotic prescriptions written by that physician. Which particular branded antipsychotic was the prescriber's "favorite" varied widely across physicians, i.e. physician prescribing concentration patterns are diverse. Building on Frank and Zeckhauser's [2007] characterization of physician treatments varying from "custom made" to "ready-to-wear", we construct a model of physician learning that generates a number of hypotheses. Using 2007 annual antipsychotic prescribing behavior on 17,652 physicians from IMS Health, we evaluate these predictions empirically. While physician prescribing behavior is generally quite concentrated, prescribers having greater volumes, those with training in psychiatry, male prescribers, and those not approaching retirement age tend to have less concentrated prescribing patterns.
Quasilocal Thermodynamics of Dilaton Gravity coupled to Gauge Fields
We consider an Einstein-Hilbert-Dilaton action for gravity coupled to various
types of Abelian and non-Abelian gauge fields in a spatially finite system.
These include Yang-Mills fields and Abelian gauge fields with three and
four-form field strengths. We obtain various quasilocal quantities associated
with these fields, including their energy and angular momentum, and develop
methods for calculating conserved charges when a solution possesses sufficient
symmetry. For stationary black holes, we find an expression for the entropy
from the micro-canonical form of the action. We also find a form of the first
law of black hole thermodynamics for black holes with the gauge fields of the
type considered here.Comment: 41 pages, latex, uses fonts provided by AMSTe
Large N Phases, Gravitational Instantons and the Nuts and Bolts of AdS Holography
Recent results in the literature concerning holography indicate that the
thermodynamics of quantum gravity (at least with a negative cosmological
constant) can be modeled by the large N thermodynamics of quantum field theory.
We emphasize that this suggests a completely unitary evolution of processes in
quantum gravity, including black hole formation and decay; and even more
extreme examples involving topology change. As concrete examples which show
that this correspondence holds even when the space-time is only locally
asymptotically AdS, we compute the thermodynamical phase structure of the
AdS-Taub-NUT and AdS-Taub-Bolt spacetimes, and compare them to a 2+1
dimensional conformal field theory (at large N) compactified on a squashed
three sphere, and on the twisted plane.Comment: 20 pages, three figures. (uses harvmac.tex and epsf.tex
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