Unknown unknowns are future relevant contingencies that lack an ex ante description. While there are numerous retrospective accounts showing that significant gains or losses might have been achieved or avoided had such contingencies been previously uncovered, getting hold of unknown unknowns...

In response to environmental concerns, multidivisional firms running internal markets often seek to have the associated internal (or transfer) prices incorporate their social cost of pollution. We develop a theoretical rationale and framework for this phenomenon. Modeling two vertically related...

In response to environmental concerns, multidivisional firms running internal markets often seek to have the associated internal (or transfer) prices incorporate their social cost of pollution. We first investigate this phenomenon. Modeling two vertically related subsidiaries located in...

There is an abundant and growing literature on the ramifications of artificial intelligence (AI) for society. This paper contributes some formal observations about the influence AI might have on how people who participate in small groups interact. Within such groups (say a team, business unit,...

Despite substantial advances over the past decades, measuring innovation and innovativeness remains a challenge for both academic researchers and management practitioners. To address several key concerns with current indicators – such as their specialization and consequent one-sidedness, their...

The Stern-Stiglitz Report on carbon pricing emphasizes that climate policy must not only cope with market failures, but also with government and organizational failures. Focusing on the latter, this paper investigates how several human resource management devices - incentive compensation,...