Author: Stephen DeCanio

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03 Jul

Posted at 14:53h in Selected Articles by

"Economic Losses from Forecasting Error in Agriculture," Journal of Political Economy Vol. 88(2) (April 1980):  234-58.

Abstract

This paper develops a new method for estimating economic losses from forecasting error. The method is an alternative to the traditional distributed lag approach to estimating expectations. An application to Kansas agriculture over the period 1874-1933 reveals significant variation in farmers' price forecasting performance across counties and over time. These differences...

01 Jul

Posted at 14:45h in Selected Articles by

"Investment in Energy Efficiency: Do the Characteristics of Firms Matter?" (with William E. Watkins) Review of Economics and Statistics 80, 1998

Abstract

The literature on energy efficiency provides numerous examples of apparently profitable technologies that are not universally adopted. Yet according to the standard neoclassical theory of investment, profit-maximizing firms should undertake all investments with a positive net present value....

01 Jul

Posted at 14:43h in Selected Articles by

"The Importance of Organizational Structure for the Adoption of Innovations" (with Catherine Dibble and Keyvan Amir-Atefi) Management Science 46, 2000

Abstract

Organizational structure affects both the overall behavior of firms and the situations of individuals and subunits within firms. The effect of exogenous changes in the environ­ment (market prices, costs, or regulations) on organizations can be partitioned into the immediate direct effect of the change and the...