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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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The Theory of Recapitalizations Under Incomplete Capital Markets and the Evidence of Dual Purpose Funds
Abstract not available.
The Time Series Behavior of Quarterly Earnings: Preliminary Evidence
Abstract not available.
The Valuation of Options for Alternative Stochastic Processes
This paper examines the structure of option valuation problems and develops a new technique for their solution. It also introduces several jump and diffusion processes which have not been used in previous models. The technique is applied to…
Triangular Factorization and Generalized Upper Bounding Techniques
A compact inverse method is developed for linear programming problems having block triangular or sparse constraint matrices. Special cases of the method are, for example, the generalized upper bounding technique and its extensions. For these…
Women Economists: Career Aspirations, Education and Training
Abstract not available.
An Adaptive Consumer's View of Attitudes and Other Choice Mechanisms, as Viewed by an Equally Adaptive Advertiser
Abstract not available.
An Algorithm for Determining Optimal Sales Commissions
Relatively simple experimental data which embody a salesman’s assessment of relationships between his efforts and sales are used in a computational algorithm to determine the parameters of a functional relationship between sales volume and sales…
An Evaluation of Alternative Strategies for Expanding the Number of Black-Owned Businesses
Alternative strategies for Black economic development have been debated with great vigor and little rigor. The qualitative, nonanalytic nature of the existing Black economic development literature partially stems from the lack of comprehensive…
An Informal Look at the Principle of Optimality
The Principle of Optimality is examined informally (bereft of notation) in the context of discounted Markov decision processes. The optimality equations and optimality criterion are introduced with discounted Markov decision processes. The…
Bounds and Transformations for Finite Markov Decision Chains
New improved bounds on the optimal return function in finite state and action, infinite horizon, discounted stationary Markov decision chains are developed. They require solving a single constraint, bounded variable linear program, which can be…
Capital Budgeting and Dividend Decisions Under Proportional Flotation Costs and Proportional Brokerage Fees
Abstract not available.
Closed-End Investment Companies in the United States: Risk and Return
Abstract not available.
Cognitive Responses to Mass Communication: Results From Laboratory Studies and a Field Experiment
Abstract not available.
Corporate Liquidity and Bankruptcy Costs
In this paper, the valuation of corporate liquidity is analyzed under conditions of perfect and complete capital markets as well as under conditions where bankruptcy costs exist. Heretofore, the valuation of liquidity has not been examined in a…
Corporate Taxes and Bankruptcy Cost in a Mean-Variance Model of the Effect of Leverage on the Valuation of the Firm
Determining Cost vs. Time Pareto-Optimal Frontiers in Multi-Modal Transportation Problems
This paper provides a framework for choosing modes of transportation (Rail, Highway, Air, etc.) by taking into account the conflicting objectives of minimizing total transportation costs and average shipment times. An efficient algorithm using…
Dividend, Investment And Financing Decisions: Empirical Evidence On French Firms
Abstract not available.
A Dynamic Programming Approach to the Abandonment Decision
The decision about when to abandon a capital investment is formulated as a dynamic programming problem under conditions of both certain and probabilistic cash flows. One period autocorrelation is assumed in the case of uncertain cash flows. A…