Dimensions of occupational inequality and Duncan's socioeconomic index

Using the original 1962 Blau and Duncan data for white males, I compare relative amounts of inequality in the distributions of occupational prestige, earnings, autonomy, and job skills. Also assessed are the degree of status rigidity (or intercorrelations) among these four dimensions of occupational inequality and the simultaneous relations among these four dimensions in a father-to-son occupational mobility model. These findings are compared to those obtained with Duncan's socioeconomic index to determine whether additional information can be obtained when using independent measures representing the multiple dimensions of occupational inequality versus using the SEI alone. Only minor discrepancies are found, and these relate to autonomy and earnings.An earlier version of this paper was presented at the 1985 Pacific Sociological Association meetings.     

Volatility-based Effects on Shareholder Value: Alliance Activity in the Computing Industry

We use an event-study analysis to understand how alliance activity affects firm risk. The risk measure is the implied volatility of a firm’s stock price and the events are alliance announcements to the market. We build on the previous event-studies in the alliance literature that focus on the change in shareholder value by taking the first step in delineating what part of that value arises from the changes in the firm’s risk. The analysis reveals that a number of factors within a firm’s control can be used to manipulate risk exposure in an alliance, including the similarity of the firm’s and the alliance’s core activities, the governance form of the alliance, and the function of the alliance.     

AN ANALYSIS OF THE DYNAMIC THEORY OF THE MULTI—PRODUCT FIRM USING THE CALCULUS OF VARIATIONS

The purpose of this paper is to present the theory of the multi-product firm in situations where the revenue function depends not only on the rate of output but also on changes in the rate of output, and, similarly, where the cost function depends on changes in the rate of factor utilization as well as the rate of their utilization. Since the analysis will utilize the calculus of variations, a general introduction to this technique is also presented. The model analyzed assumes perfect foresight and knowledge concerning the revenue, cost, and production functions, and the calculus of variations is used to derive the conditions for an extremum. The first section presents the mathematical model and the model of the firm, and the optimality conditions are discussed in the second section.