We empower faculty to design and discover original research that challenges conventions and creates breakthroughs that push boundaries of knowledge.
Publication Types
Journal Articles
Books
Working Papers
Case Studies
Browse Publications
Computing The Discounted Return In Markov And Semi-Markov Chains
This paper addresses the problem of computing the expected discounted return in finite Markov and semi-Markov chains. The objective is to reveal insights into two questions. First, which iterative methods hold the most promise? Second, when are…
Conditions for Characterizing the Structure of Optimal Strategies in Infinite Horizon Dynamic Programs
The study of infinite horizon nonstationary dynamic programs using the operator approach is continued. The point of view here differs slightly from that taken by others in that Denardo’s local income function is not used as a starting point.…
Decentralized Investment Management (Presidential Address, American Finance Association Annual Meeting, Denver, Colorado)
Abstract not available.
Dividends, Short Selling Restrictions, Tax-Induced Investor Clienteles and Market Equilibrium
Abstract not available.
Effects of Temporal Perspective on the Attribution Process
Examined in 4 experiments with 194 undergraduates, whether people’s causal analyses of events change with time. It was found that as temporal distance from an event increased, Ss both interpreted their own behavior and outcomes as being more due…
Equilibrium Warrant Pricing Models and Accounting for Executive Stock Options
Abstract not available.
Estimating the Parameters of the Capital Asset Pricing Model (CAPM)--A Minimum Expected Loss (MELO) Approach
The modern theory of finance has produced the capital asset pricing model (CAPM) which is an equilibrium model establishing a relationship among the parameters of the multivariate distribution of returns from assets. Several attempts have been…
Forecasting the Effectiveness of Work-Trip Gasoline Conservation Policies through Conjoint Analysis
Policies such as tax surcharges on gasoline and reductions in transit fare were examined for their potential effectiveness in conserving gasoline. Individual level preference functions to predict work-trip modal choice (auto, public transit or…
Health Plan: The Only Practical Solution to the Soaring Cost of Medical Care
Addresses the serious problem of rising health care costs.
Implementation and evaluation of a telephone cancer information service
The Cancer Information Service, a telephone information and referral service, was implemented to provide cancer patients, their family members, community physicians, and health professionals access to current information about new methods…
Implied Tax Rates and the Valuation of Discount Bonds
Abstract not available.
Internal Organization and Economic Performance: An Empirical Analysis of the Profitability of Principal Firms
Abstract not available.
Learning, Estimation, And The Stability Of Rational Expectations
This paper is an investigation of the stability of the rational expectations equilibrium of a simple asset market model, in a situation where a group of dealers are learning by estimating the relationship between the price and return on the asset…
Limit Pricing and Entry Under Incomplete Information: An Equilibrium Analysis
Abstract not available.
Measuring the Time-Varying Response to Market Communication Instruments
Abstract not available.