In our 2006 paper, we examined the implications of Michael Lewis' book for the labor market in Major League Baseball. Our tests provided econometric support for Lewis' claim of mis-pricing in the baseball labor market's valuation of batting skills. We also found suggestive evidence that the dispersion of statistical knowledge throughout baseball organizations was associated with a sharp attenuation of the mis-pricing. This paper takes a closer look at the economic issues raised by Lewis for the baseball labor market. We extend the sample both backward and forward in time, seeking to determine how long the pricing anomaly existed, and whether the recent attenuation in the anomaly is robust to new observations. In addition, we refine the measures of skill used in our tests to more closely...
... value in the A's strategy, like many innovations, depended on there being no (or few) imitators. On... changed over time as a result of the diffusion of innovations, of which the improved compensation...Using the curve for the 1986-1993 seasons as a reference, the abil...
EPA and NHTSA, on behalf of the Department of Transportation, are issuing this joint proposal to further reduce greenhouse gas emissions and improve fuel economy for light-duty vehicles for model years 2017-2025. This proposal extends the National Program beyond the greenhouse gas and corporate average fuel economy standards set for model years 2012-2016. On May 21, 2010, President Obama issued a Presidential Memorandum requesting that NHTSA and EPA develop through notice and comment rulemaking a coordinated National Program to reduce greenhouse gas emissions of light-duty vehicles for model years 2017- 2025. This proposal, consistent with the President's request, responds to the country's critical need to address global climate change and to reduce oil consumption. NHTSA is proposing C...
... C. Development of Attribute-Based Curve Shapes. 1. Why are standards attribute-based a... that the introduction of technical innovations is generally an innate development process involvi...(1994). ``The Energy Paradox and the Diffusion of Conservation Technology.'' Resource and Energy ...
... that states that adopt corporate law innovations more promptly earn higher franchise tax revenues. ... state competition, we investigated the diffusion pattern reported by William Carney of four provisi... among states, forming an ogive (S-shaped) curve of cumulative adoptions over time. This pattern, R...
The world is flat with Electronic Commerce moving it into new terrains of information exchange and means of conducting business activities. The acceptance of Electronic Commerce as an IT infrastructure depends on the users' conscious assessment of the influencing constructs as could be depicted in Technology Acceptance Model (TAM), Theory of Reasoned Action, Theory of Planned Behavior (TPB), Innovation Diffusion Theory, and Technology-Organization-Environment (T-O-E) model. The paper accused TAM and TPB of being traditional and utilitarian-based. In order to make for better explanatory and predictive values, TAM need be integrated with other IT theories that incorporated decision-makers' social and idiosyncratic characteristics. This paper reviews and synthesizes the constructs of these...
... employment creation, flexibility and innovations (Southwood, 2004; Mutula and Brakel, 2006). Approx... a normal distribution adoption categories curve of innovators, early adopters, early majority, lat...
..., the nature of GIS, its steep learning curve, and ongoing problems in acquiring and managing da...Rogers, E. 2003. Diffusion of innovations, 5th ed. New York, New York: Free P...
We highlight many of the traditional research themes in the management of technology as well as research themes on emerging topics such as those that appear in this focused issue. The discussion demonstrates the breadth and multidisciplinary nature of management of technology as well as the variety of methods employed in management of technology research. We conclude by offering a list of research themes that are of particular interest to the Management of Technology Department of Production and Operations Management.
... Dynamics of Technology Innovation and Diffusion. For a successful outcome to be realized from effo... to MOT is that of the technology S-curve, which characterizes how innovation affects techno... S-curves evolve for component innovations versus innovations in architectural technologies. ...
Diffusion theory has typically focused on how communication, internal or external to a social system, leads to adoptions and diffusion of an innovation. We develop a diffusion and substitution model based on a somewhat different perspective. In some cases, progressive improvements in product attributes and/or continual cost reduction seem to be a key driver of the diffusion process. For example, after introduction of the 5.25-inch disk drive, its capacity continually increased, and accordingly, so did customer willingness-to-pay. Our model is based on a linear reservation price framework, in which a product is described by its depth (defined as the difference between a product's maximum reservation price and its production cost), and its breadth (related to the slope of its reservation ...
1. Introduction. Technological innovations result in new products that expand markets and/or ..., we build on the linear reservation price curve framework of Schmidt and Porteus (2000), abbreviat...
To date research into women entrepreneurs' opportunity recognition and firm formation, particularly in technology sectors, where women are underrepresented, is limited. A better understanding of how women entrepreneurs in technology sectors recognize opportunities and what influence that recognition has on firm formation may make it possible for more women to become successful entrepreneurs in technology sectors. This conceptual paper shows the ways in which women and men may differ in their perceptions of technology and identifies some of the differences in their reliance on sources of information. It proposes several research areas for future research.
... opportunities and bringing innovations to market (Schumpeter, 1942). Entrepreneurs develo... market and creates a new supply and demand curve for new products or services that replaces outdate... professional workshops may provide for diffusion of knowledge. Individuals in technical fields ofte...
...The equilibrium intrafirm diffusion curve is S-shaped or concave, as are empirically observe... case of capital-embodied, new process innovations, because adoption involves adjustment costs as wel...
Corporate law is an arena in which the metaphor of the "states as a laboratory" describes actual practice, and, for the most part, this is a laboratory that has worked reasonably well. The goal of this Article is to map out over time the diffusion of corporate law reforms across the states. The lawmaking pattern we observe indicates a dynamic process in which legal innovations originate from several sources, creating a period of legal experimentation that tends to identify a statutory formulation that is thereafter adopted by the vast majority of states. Delaware and the Model Act quite often work in tandem. But there are occasions when they advance differing legal rules, accounting for some of the diversity in corporation codes that we observe.
... across states in an S-shaped (ogive) curve (the proportion of adopters increases with time), ...
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