Working Papers

These papers are working drafts of research which often appear in final form in academic journals. The published versions may differ from the working versions provided here.

SSRN Research Paper Series

The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB the Rock Center.

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Academic Area
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An International Market Model of Security Price Behavior

Bruno H. Solnik
1972

Abstract not available.

Economic Organization and Inefficiency in the Modern University

Paul H. Cootner
1972

Abstract not available.

Efficient Capital Markets with Risk

William F. Sharpe
1972

Abstract not available.

A Sequential Decision Model Of Bargaining Theory

Alan Kraus, Arie Melnik
1972

Abstract not available.

Skewness Preference and the Valuation of Risk Assets

Alan Kraus, Robert H. Litzenberger
1972

Abstract not available.

A State-Preference Model Of Optimal Financial Leverage

Robert H. Litzenberger, Alan Kraus
1972

Abstract not available.

The Bond Refunding Decision in an Efficient Market

Alan Kraus
1972

Bond refunding is a zero-sum game against the market. Market efficiency implies that a callable bond is, ex ante, no more or less attractive than a noncallable bond. The decision maker can be presumed to have no superiority over bond investors in…

Two Period Stochastic Programs with Simple Recourse

1972

Stochastic programs are said to have simple recourse if the state vector in each period is uniquely determined once all previous decision and random vectors are known. This paper considers two period problems of this nature. Conditions are…

An Econometric Model of the World Copper Industry

Franklin M. Fisher, Paul H. Cootner
1971

Abstract not available.

A Note on Changes in the Supply of Money, the Firm's Market Value and Cost of Capital

A. P. Budd, Robert H. Litzenberger
1971

Abstract not available.

A Note on Geometric Mean Portfolio Selection and the Market Prices of Equities

A. P. Budd, Robert H. Litzenberger
1971

Abstract not available.

Parallel Trading By Institutional Investors

Alan Kraus, Hans R. Stoll
1971

Abstract not available.

Portfolio Theory And Industry Cost Of Capital Estimates

Robert H. Litzenberger, C.U. Rao
1971

Abstract not available.

Price Impacts of Block Trading on the NYSE

Alan Kraus, Hans R. Stoll
1971

Abstract not available.

Risk, Market Sensitivity and Diversification

William F. Sharpe
1971

Abstract not available.

Secular Trends in Risk Premiums

Robert H. Litzenberger, A. P. Budd
1971

Abstract not available.

Some Implications of Imperfections in International Financial Markets

Richard A. Cohn, John J. Pringle
1971

Abstract not available.

Gold Mining Shares, Gold, And The Stock Market

Jack McDonald, Bruno Solnik
1970

Abstract not available.