The Tennessee Valley Authority, as an independent federal corporation governed by a three-person board, able to set prices in the context of legal monopoly, made large scale investment decisions in the 1980's based on erroneous projections of technology and market growth for electricity.
Traditional economics posits that individuals make rational decisions, but where was rationality when millions loopily purchased "pet rocks" and Internet stocks? Why do fads start and stop?
Nuclear power represents an efficient energy source, but what to do with spent nuclear fuel? Stockpiling nuclear waste at existing or closed reactors represents a temporary solution, but eventually all that waste has to go somewhere - but where?
Since the Hatch-Waxman Act of 1984, sales of generic drugs have increased dramatically. The share of generic drugs has more than doubled - from nineteen percent of all drugs sold in 1984 to forty-four percent in 1997.
November 27, 2001- The Yale School of Management honors William J. McDonough, President and Chief Executive Officer, Federal Reserve Bank of New York, in London, England today with The Yale School of Management Award for Distinguished Leadership in Global Capital Markets. The event gathers 50 of the world's leading financiers, finance ministers, and central bank governors for a meeting that includes a discussion on the future of global markets.
March 12, 2002 - Fifteen Yale MBA students are enroute to Japan for a weeklong study trip to an array of Japanese firms and multinational corporations as part of their business studies of current strategy, operations, financial institutions, and general management in what is arguably the world's second largest economy.
September 24, 2001 - Today, Yale School of Management Dean Jeffrey E. Garten announced another roster of new professors joining the ranks of the school's permanent faculty. This is the third consecutive year in which Yale's business school has hired top-tier scholars toward the goal of increasing its senior faculty by 60%.
September 19, 2001 - Florencio López-de-Silanes, an accomplished leader and scholar in the areas of International Corporate Finance, Financial Markets, Corporate Governance and Legal Reform, Privatization and Deregulation, has been appointed Professor of Finance and Economics at the Yale School of Management. He will also serve as Director of the International Institute for Corporate Governance, which the school intends to establish soon within its International Center for Finance.
March 9, 2001 - Recently, Yale SOM received two gifts totaling $1.2 million dollars for the ICF. The grants came from an anonymous donation which will underwrite the development of a historical database of U.S. and global stock market prices, the publication of a volume on financial innovation, and the launching of a research collection of historical financial securities. "Our plan is to allow researchers from all over the world to download detailed stock market prices and records from the ICF website and to augment it with their own collections," explained William N. Goetzmann, ICF Director and Professor of Finance at SOM. "Without the help of our donor, and others who may be motivated to contribute as a result, no single research center would have the individual resources to accomplish this.
How do US firms adapt to increasing international trade? Do US firms still produce goods that are also made in low wage countries like China and India, or are they forced from low-end markets and into production of higher end goods? If US firms still compete directly with firms in low wage countries, how are they able to overcome their extreme disadvantage in labor costs?