Morris Hamburg

A method for selecting a subset of alternatives for future decision making

Abstract In this paper we present an algorithm for finding a subset from a large number of alternatives. The criterion for selecting this subset is based on the assumption that ultimately one alternative will be chosen and implemented from this subset. Some areas of application for the subset selection techniques are presented. Extensions of this research are suggested.

Conditions for government support of private research and development

Abstract In a recent paper, Brockhoff and Warschkow (1993) attempt to extend Joglekar and Hamburgs work under alternative behavioral assumptions (Joglekar and Hamburg, 1986). Brockhoff and Warschkow mainly obtain results that are opposite to Joglekar and Hamburgs findings. Unfortunately, as shown below, Brockhoff and Warschkows model is flawed because: (1) it is inconsistent with Joglekar and Hamburgs assumption that firms are individually rational, and (2) it misrepresents the concept of Pareto optimality. Consequently, Brockhoff and Warschkows conclusions cannot be seen as valid.

Personal Reflections and Tributes from the May 2002 Conference Celebrating Paul Green’s Career

On behalf of the Wharton School, Dean Patrick Harker, and myself, I would like to welcome those of you who have traveled to be with us to recognize Paul Green’s many contributions.