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RPF-295.* "On Adaptive Tail Index Estimation for Financial Return Models." Niklas Wagner and Terry Marsh. November 2000. Acrobat .pdf
RPF-294.* "Rational Markets: Yes or No? The Affirmative Case." Mark Rubinstein. June 2000. Acrobat .pdf

RPF-293.* "Return-Volume Dependence and Extremes in International Equity Markets." Terry A. Marsh and Niklas Wagner. May 2000. Acrobat .pdf

RPF-292.* "On the Relation Between Binomial and Trinomial Option Pricing Models." Mark Rubinstein. May 2000. Acrobat .pdf
RPF-291.* "Corporate Diversification and Agency." Benjamin E. Hermalin and Michael L. Katz. January 2000. Acrobat .pdf format
RPF-256-Rev.* "How Do Firms Choose Their Lenders? An Empirical Investigation." Miguel Cantillo and Julian Wright. January 2000. Acrobat .pdf
RPF-290. * "Optimal Portfolio Management with Transactions Costs and Capital Gains Taxes." Hayne E. Leland. December 199. Text & Figures Acrobat .pdf, Text Word.doc , Figures Acrobat .pdf
RPF-289* "Credit Derivatives in Banking: Useful Tools for Managing Risk?" Gregory R. Duffee and Chunsheng Zhou. November 1999. Acrobat .pdf
RPF-288.*"Order Flow and Exchange Rate Dynamics." Martin D. D. Evans and Richard K. Lyons. August 1999. Acrobat .pdf
RPF-287* "The Role of a Corporate Bond Market in an Economy - and in Avoiding Crises." Nils H. Hakansson, June 1999. Acrobat .pdf      Word .doc available upon request.
RPF-286.* "Housing Return and Construction Cycles." Matthew Spiegel. January 1999. Acrobat.pdf author's website
RPF-285.* "Search Costs: The Neglected Spread Component." Mark D. Flood, Ronald Huisman, Kees G. Koedijk, and Richard Lyons. October 1998. Word .doc      Acrobat.pdf.
RPF-284.* "Valuation and Return Dynamics of New Ventures." Jonathan B. Berk, Richard C. Green and Vasant Naik. September 1998. Acrobat.pdf
RPF-283.* "Predicting Excess Returns with Public and Insider Information: The Case of Thrift Conversions." James A. Wilcox and Zane D. Williams. September 1998. Word Document or Acrobat.pdf
RPF-282. "The "Credit Crunch" and the Availability of Credit to Small Business" Diana Hancock and James A. Wilcox. August 1998.
RPF-281.* "Dynamic Optimal Risk Management and Dividend Policy under Optimal Capital Structure and Maturity." Michael P. Ross. July 1998. Acrobt.pdf
RPF-280.* "Corporate Hedging: What, Why and How?" Michael P. Ross. July 1998. Postscript Acrobat.pdf
RPF-279.* "Pricing Derivatives the Martingale Way." Pierre Collin Dufresne, William Keirstead and Michael P. Ross. July 1998. Acrobat.pdf
RPF-278.* "Agency Costs, Risk Management, and Capital Structure." Hayne E. Leland. April 1998. Acrobat.pdf
RPF-277.* "Applying the Grinblatt-Titman and the Conditional (Ferson-Schadt) Performance Measures: The Case of Industry Rotation Via the Dynamic Investment Model." Robert R. Grauer and Nils H. Hakansson. April 1998. Acrobat.pdf
RPF-276.* "Closed-End Fund Discounts in a Rational Agent Economy." Matthew Spiegel. December 1997. Economic WPA Archives
RPF-275.* "Edgeworth Binomial Trees." Mark Rubinstein. November 1997. Acrobat.pdf  . 
Published in the Journal of Derivatives 5, No. 3 (Spring 1998), pp. 20-27.
RPF-274-Rev.* "Derivatives Performance Attribution." Mark Rubinstein. November 1997. Acrobat.pdf  .
RPF-273.* "Profits and Position Control: A Week of FX Dealing." Richard K. Lyons. October 1997. Word /Windows .doc
RPF-272.* "Bank Risk Management: Theory." David H. Pyle. July 1997. Acrobat.pdf   Word/Windows .doc
RPF-271. "International Portfolio Investment Flows." Michael J. Brennan. and H. Henry Cao. February 1997.
(Published Journal of Finance, 1997, 52:5, 1351-1880. JSTOR )
RPF-270.* "Is There Private Information in the FX Market? The Tokyo Experiment." Takatoshi Ito, Richard K. Lyons and Michael T. Melvin. January 1997. Lyon's web page: Acrobat or Word .doc   
RPF-269.* "Are Investors Reluctant to Realize Their Losses?" Terrance Odean. November 1996.  acrobat.pdf   Revised paper (.ps and .pdf) Journal of Finance (December 1997) (.ps and .pdf) Acrobat.pdf-author's web page
RPF-268.* "A Theory of Corporate Capital Structure and Investment." Miguel Cantillo Simon. November 1996. Acrobat.pdf
RPF-267. "Options and Expectations." Hayne E. Leland. October 1996.
RPF-266.* "Volume, Volatility, Price and Profit When All Trader Are Above Average." Terrance Odean. October 1996. Acrobat.pdf   Economics WP Archive: Acrobat, Postscript or Word
additional texts
RPF-265.* "Recovering Risk Aversion from Option Prices and Realized Returns." Jens Carsten Jackwerth. September 1996. Economics WP Archive: Acrobat, Postscript (Additional texts)
RPF-264.* "Generalized Binomial Trees."Jens Carsten Jackwerth. September 1996. Economics WP Archive: Acrobat, Postscript
RPF-263-rev.* "Beyond Mean-Variance: Performance Measurement of Portfolios Using Options or Dynamic Strategies." Hayne E. Leland. August 1996. Revised October 1998. Acrobat.pdf Figure 1 in .pdf format only Word /Windows .doc
RPF-262.* "Implied Binomial Trees: Generalizations and Empirical Tests." Jens Carsten Jackwerth. June 1996. Acrobat
RPF-261.* "Optimal Asset Rebalancing in the Presence of Transactions Costs." Hayne Leland. March 1996 Economic WP Archive: Acrobat, Postscript
RPF-260.* "Stock Price Volatility in a Multiple Security Overlapping Generations Model." Matthew Spiegel. January 1996. Spiegel web page
RPF-259. "Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads." Hayne E. Leland and Klaus Bjerre Toft. December 1995.
RPF-258. H. Henry Cao. "Imperfect Competition in Securities Markets with Diversely Informed Traders." November 1995.
RPF-257. Matthew Spiegel and Avanidhar Subrahmanyam. "The Efficacy of Insider Trading Regulation." October 1995.
RPF-256-Rev.* Miguel Cantillo. "How Do Firms Choose Their Lenders? Theory and Evidence." October 1995.Acrobat.pdf   Economic WP Archive: Acrobat, Postscript
RPF-255. Miguel Cantillo. "A Theory of Corporate Capital Structure and Investment." October 1995.
RPF-254-Rev*. Miguel Cantillo. "The Rise and Fall of Bank Control in the United States: 1890-1920." October 1995. Acrobat.pdf   Economic WP Archive
RPF-253. William N. Goetzmann and Matthew Spiegel. "A Spatial Model of Housing Returns and Neighborhood Substitutability." September 1995. Spiegel web site: related list
RPF-252.* Jacob Boudoukh, Matthew Richardson, Richard Stanton, and Robert F. Whitelaw. "Pricing Mortgage-Backed Securities in a Multifactor Interest Rate Environment: A Multivariate Density Estimation Approach." July 1995. Stanton web site:
RPF-251.* Richard Stanton and Nancy Wallace. "Mortgage Choice: What's the Point?" July 1995. Acrobat.pdf  Stanton web site Postscript
RPF-250.* Jens Carsten Jackwerth and Mark Rubinstein. "Implied Probability Distributions: Empirical Analysis." June 1995. (Published in Journal of Finance 51, No. 5, 1611-1631.) Acrobat.pdf
Published Journal of Finance 51, No. 5, 1611-1631
RPF-249. Hua He and Akihiko Takahashi. "A Variable Reduction Technique for Pricing Average-Rate Options." May 1995.
RPF-248. Hua He, William P. Keirstead, and Joachim Rebholz. "Double Lookbacks." May 1995.
RPF-247. Richard Stanton and Nancy Wallace. "Anatomy of an ARM: Index Dynamics and Adjustable Rate Mortgage Valuation." April 1995. Related Papers.
RPF-246. Sankar De, Mark Fedenia, and Alexander J. Triantis. "Effects of Competition on Bidder Returns." April 1995.
RPF-245. Marcus Berliant and Sankar De. "On Revelation of Private Information in Stock Market Economies." April 1995.
RPF-244. Hayne Leland and Gregory Connor. "Optimal Cash Management for Investment Funds." March 1995.
RPF-243. Richard K. Lyons. "Foreign Exchange Volume: Sound and Fury Signifying Nothing?" January 1995.
RPF-242. Richard K. Lyons and Andrew K. Rose. "Explaining Forward Exchange Bias...Intraday." January 1995.
RPF-241. Mark Rubinstein. "On the Accounting Valuation of Employee Stock Options." December 1994.
RPF-240. Hayne Leland. "Bond Prices, Yield Spreads, and Optimal Capital Structure with Default Risk." November 1994.
RPF-239. Robert R. Grauer and Nils H. Hakansson. "Gains from Diversifying into Real Estate: Three Decades of Portfolio Returns Based on the Dynamic Investment Model." October 1994.
(Published in Real Estate Economics, 23 (Summer 1995), 117-159. JSTOR)
RPF-238. Klaus Bjerre Toft. "Options on Leveraged Equity with Default Risk." July 1994.
RPF-237. Klaus Bjerre Toft. "Exact Formulas for Expected Hedging Error and Transactions Costs in Option Replication." July 1994.
RPF-236. Domenico Cuoco and Hua HŠ. "Dynamic Aggregation and Computation of Equilibria in Finite-Dimensional Economies with Incomplete Financial Markets." June 1994.
RPF-235. Bruce N. Lehmann and David M. Modest. "Market Structure and Liquidity on the Tokyo Stock Exchange." May 1994.
RPF-234. Bruce N. Lehmann and David M. Modest. "Trading and Liquidity on the Tokyo Stock Exchange: A Bird's Eye View." April 1994.
RPF-233. Hayne E. Leland. "Corporate Debt Value, Bond Covenants, and Optimal Capital Structure." January 1994.
RPF-232. Mark Rubinstein. "Implied Binomial Trees." January 1994.
Published Journal of Finance, Vol. 49, No. 3, Papers and Proceedings Fifty-Fourth Annual Meeting of the American Finance Association, Boston, Massachusetts, January 3-5, 1994. (Jul., 1994), pp. 771-818. JSTOR
RPF-231. Richard K. Lyons. "Optimal Transparency in a Dealership Market with an Application to Foreign Exchange." September 1993.
RPF-230. Richard K. Lyons. "Tests of Microstructural Hypotheses in the Foreign Exchange Market." August 1993.
RPF-229. David Pyle. "The Economic Functions of Derivatives: An Academician's Point of View." July 1993.
RPF-228. Hua He and Jiang Wang. "Differential Information and Dynamic Behavior of Stock Trading Volume." May 1993.
RPF-227. David H. Pyle. "The U.S. Savings and Loan Crisis." April 1993.
RPF-226. Hayne Leland. "Long-Term Debt Value, Bond Covenants, and Optimal Capital Structure." February 1993.
RPF-225. Helena M. Mullins and David H. Pyle. "Liquidation Costs and Risk- Based Bank Capital." January 1993.
RPF-224. Gerard Gennotte and Brett Trueman. "The Strategic Timing of Corporate Disclosures." November 1992.
RPF-223. Hua He and David M. Modest. "Market Frictions and Consumption-Based Asset Pricing." July 1992.
RPF-222. Gonzalo Rubio. "Further Evidence on Performance Evaluation: Portfolio Holdings, Recommendations, and Turnover Costs." June 1992.
RPF-221. Hua He and Hayne Leland. "Equilibrium Asset Price Processes." December 1991.
RPF-220. Mark Rubinstein. "Exotic Options." December 1991.
RPF-219. Lewis X. Lu. "Continuous Equilibrium in Speculative Markets with Heterogeneous Information." November 1991.
RPF-218. Lewis X. Lu. "Optimal Continuous Speculation with Information Extracted from Price History." November 1991.
RPF-217. Alan Jung. "Portfolio Policies with Transactions Costs: Discrete Time Model." October 1991.
RPF-216. Gerard Gennotte and Alan Jung. "Commissions and Asset Allocation." October 1991.
RPF-215. Hua He and Chi-fu Huang. "Efficient Consumption-Portfolio Policies." October 1991.
RPF-214. Nils Hakansson. "Supershares." August 1991.
RPF-213. Gerard Gennotte and Alan Jung. "Investment Strategies under Transaction Costs: The Finite Horizon Case." August 1991.
RPF-212. Nils H. Hakansson. "Welfare Economics of Financial Markets." June 1991.
RPF-211. Gerard Gennotte and Hayne Leland. "Low Margins, Derivative Securities, and Volatility." May 1991.
RPF-210. Gerard Gennotte and Terry A. Marsh. "Variations in Economic Uncertainty and Risk Premiums on Capital Assets." May 1991.
RPF-209. Hua He. "Optimal Consumption-Portfolio Policies: A Convergence from Discrete to Continuous Time Models." April 1991.
RPF-208. Steven E. Plaut. "The Prepayment Uncertainty of Collateralized Mortgage Obligations." March 1991.
RPF-207. Steven E. Plaut. "Reinsurance and Securitization of Deposit Insurance; A Workable Proposal for Risk-Based Pricing." February 1991.
RPF-206. Robert R. Grauer and Nils H. Hakansson. "On the Use of Mean-Variance and Quadratic Approximations in Implementing Dynamic Investment Strategies: A Comparison of Returns and Investment Policies." January 1991.
(published in Management Science, 39 (July 1993), 856-871)
RPF-205. Mark Rubinstein. "Continuously Rebalanced Investment Strategies." January 1991.
RPF-04. Richard R. Lindsey. "Market Makers, Asymmetric Information and Price Information." December 1990.
RPF-203. Ulrike Schaede. "Black Monday in New York, Blue Tuesday in Tokyo: The October 1987 Crash in Japan." December 1990.
RPF-202. Richard R. Lindsey and Ulrike Schaede. "Specialist vs. Saitori: Market Making in New York and Tokyo." December 1990.
RPF-201. Jivendra K. Kale, Nils H. Hakansson, and Gerald W. Platt. "Industry vs. Other Factors in Risk Prediction." March 1991.
RPF-200. Hua He and Henri F. PagŠs. "Consumption and Portfolio Decisions with Labor Income and Borrowing Constraints." August 1990.
RPF-199. Hua He. "Convergence from Discrete to Continuous Time Contingent Claims Prices." July 1990.
RPF-198. Joe Peek and James A. Wilcox. "Pitfalls in Fisher Model Building: Interest Rates and Inflation in the Interwar Period." July 1990.
RPF-197. Gerard Gennotte and David Pyle. "Capital Controls and Bank Risk." Revised December 1990.
RPF-196. Richard Breen and Gregory Connor. "The Relationship Between Non- Arbitrage and Recursive Competitive Equilibrium Pricing." June 1990.
RPF-195. Hayne E. Leland. "Insider Trading: Should It Be Prohibited?" March 1990.
RPF-194. Robert R. Grauer and Nils H. Hakansson. "Stein and CAPM Estimators of the Means in Portfolio Choice: A Case of Unsuccess." March 1990.
(published in International Review of Financial Analysis, 4 (1995), 35-66.)
RPF-193. Hua He. "Moment Approximation and Estimation of Diffusion Models of Asset Prices." March 1990.
RPF-192. Gerard Gennotte and Hayne Leland. "Market Liquidity, Hedging and Crashes." December l989. (Revised version of Working Paper 184, of May l989)
RPF-191. Hua He and Neil D. Pearson. "Consumption and Portfolio Policies with Incomplete Markets and Short-Sale Constraints: The Infinite Dimensional Case." October 1989.
RPF-190. Hua He. "Convergence from Discrete to Continuous Time Financial Model." October l989.
RPF-189. Hua He and Neil D. Pearson. "Consumption and Portfolio Policies with Incomplete Markets and Short-Sale Constraints: The Finite Dimensional Case." September l989.
RPF-188. Robert R. Grauer, Nils H. Hakansson, and Frederick C. Shen. "Industry Rotation in the U.S. Stock Market: 1934-1986 Returns on Passive, Semi-passive, and Active Strategies." August 1989.
RPF-187. Mark Rubinstein. "Market Basket Alternatives." August 1989.
RPF-186. David H. Pyle and Avinash K. Verma. "Competitive Pricing of Demand Deposits." June 1989.
RPF-185. Hayne E. Leland. "LBOs and Taxes: No One to Blame But Ourselves?" May 1989.
RPF-184. Gerard Gennotte and Hayne Leland. "Market Liquidity, Hedging and Crashes." May 1989. (Revised as Working Paper 192, of December l989)
RPF-183. Mark Latham. "The Arbitrage Pricing Theory: A State-Preference Analysis." August 1988.
182. Reuven Glick and Steven E. Plaut. "Money and Off-Balance-Sheet Liquidity: An Empirical Analysis." April l988.
181. Gregory Connor and Robert A. Korajczyk. "The Attributes, Behavior and Performance of U.S. Mutual Funds." March l988.
180. Ehud I. Ronn and Lemma W. Senbet. "Debt and Market Incompleteness." December l987.
179. Yoon Dokko and Robert H. Edelstein. "Stock Prices, Risk Premia, Inflation, and Uncertainty." October l987.
178. Reuven Glick and Steven E. Plaut. "Off-Balance-Sheet Liquidity and Monetary Control." October l987.
177. Richard C. Grinold. "Ex-Ante Characterization of an Efficient Portfolio." September l987.
176. Gregory Connor and Robert Korajczyk. "An Intertemporal Equilibrium Beta Pricing Model." August l987.
175. Gregory Connor and Robert T. Uhlaner. "New Cross-Sectional Regression Tests of Beta Pricing Models." August l987.
174. Gregory Connor and Robert Korajczyk. "Risk and Return in an Equilibrium APT." April l987.
173. Gregory Connor and Robert A. Korajczyk. "Estimating Pervasive Economic Factors with Missing Observations." April l987.
172. Steven E. Plaut and Arie L. Melnik. "The Pricing of Bank Loans with Contingent Assets and Liabilities." May l987.
171. Aimee G. Ronn and Ehud I. Ronn. "A New Option Spread Arbitrage Condition: Theory, Tests and Investment Strategies." May l987.
(published in Review of Financial Studies, vol.2, no. 1 (1989) pp91-108,
170. Ehud I. Ronn. "Non-Additive Preferences and the Marginal Propensity to Consume." April l987.
169. Ehud I. Ronn and Avinash K. Verma. "A Multi-Attribute Comparative Evaluation of a Relative Risk for a Sample of Banks." April l987.
168. Robert R. Grauer and Nils H. Hakansson. "Gains from International Diversification: l968-85 Returns on Portfolios of Stocks and Bonds." March l987.
(published in Journal of Finance, 42 (July 1987), 721-739. JSTOR)
167. Aamir Sheikh. "Stock Splits, Volatility Increases and Implied Volatilities." March l987.
166. Richard C. Grinold. "Multiple Factor Risk Models and Exact Factor Pricing." February l987.
165. Bjorn Flesaker and Ehud I. Ronn. "Inflation Futures and a Riskless Real Interest Rate." December l986.
164. Mark Latham. "Informational Efficiency and the Private Value of Information." December l986.
163. Terry A. Marsh and Robert C. Merton. "Dividend Behavior for the Aggregate Stock Market." July l986.
162. Joe Mattey and Richard Meese. "Empirical Assessment of Present Value Relations." June l986.
161. Ehud I. Ronn. "On the Rationality of Common Stock Return Volatility." May l986.
160. Ehud I. Ronn and Avinash K. Verma. "The Determination of Capital Adequacy Standards for Banks." May l986.
159. Ehud I. Ronn. "A New Linear Programming Approach to Bond Portfolio Management." May l986.
(Published in Journal of Financial and Quantitative Analysis vol 22, no. 4, (Dec. 1987) pp 439-466. JSTOR)
158. David H. Pyle. "Financial Deregulation." February l986.
157. Yoon Dokko and Robert H. Edelstein. "Stock Market Returns and Inflation: The Effects of Economic Uncertainty." August l985.
156. David F. Babbel and Eisaku Ohtsuka. "Aspects of Optimal Multiperiod Life Insurance." August l985.
155. David F. Babble. "The Brennan and Schwartz Two Factor Model of the Term Structure of Interest; Empirical Extension." August l985.
154. David F. Babbel and Jaime Cuevas Dermody. "Optimal Insurance of the Common Form Under Moral Hazard." August l985.
153. Robert R. Grauer and Nils Hakansson. "A Half-Century of Returns on Levered and Unlevered Portfolios of Stocks, Bonds, and Bills, With and Without Small Stocks." July l985.
152. Ehud I. Ronn and Avinash K. Verma. "Pricing Risk-Adjusted Deposit Insurance." May l985.
(published in Journal of Finance vol 41, no. 4 (Sept 12986) pp. 871-895 JSTOR)
151. Robert H. Litzenberger and Ehud I. Ronn. "A Utility-Based Model of Common Stock Price Movements." May l985.
150. Mark Latham. "Defining Capital-Market Efficiency." April l985.
(Published in Journal of Finance vol 41, no.1 (Mar 1986), pp. 67-92. JSTOR
))149. D. Chinhyung Cho, Cheol S. Eun and Lemma W. Senbet. "International Arbitrage Pricing Theory: An Empirical Investigation." March l985.
148. Robert M. Dammon and Lemma W. Senbet. "Tax Effects of Production and Finance." January l985.
147. Sudipto Bhattacharya and Dilip Mookherhee. "Portfolio Choice in Research and Development." December l984.
146. Joe Peek and James A. Wilcox. "Taxable and Tax-Exempt Interest Rates: The Role of Personal and Corporate Tax Rates." January l985.
145. James A. Wilcox. "Short-Term Movements of Long-Term Interest Rates: Evidence from the U.K. Indexed Market." January l985.
144. Hayne E. Leland. "Option Pricing and Replication with Transactions Costs." December l984.
143. Sudipto Bhattacharya and Kathleen Hagerty. "Dealerships, Trading Externalities, and General Equilibrium." October l984.
142. David H. Pyle. "Pricing Deposit Insurance: The Effects of Mismeasurement." October l983.
141. David H. Pyle and Jeffrey Skelton. "Default Risk, Liquidity and Loan Commitments." June l983.
140. Jeffrey A. Frankel and William T. Dickens. "Are Asset-Demand Functions Determined by CAPM?" May l983.
139. Stephen Figlewski. "Hedging With Stock Index Futures: Theory and Application in a New Market." May l983.
138. Stephen Figlewski. "Why Are Prices for Stock Index Futures So Low?" May l983.
137. Roy D. Henriksson. "Market Timing and Mutual Fund Performance: An Empirical Investigation." March l983.
136. James W. Hoag and Dennis Draper. "Portfolio Strategies Using Treasury Bond Options and Futures." March l983.
135. Eitan Gurel and David Pyle. "Bank Income Taxes and Interest Rate Risk Management." January l983.
Published J of Finance, 39:4 (Sept 1984), pp. 1199-1206 JSTOR
134. Sasson Bar-Yosef and Hayne Leland. "Risk Adjusted Discounting." December l982.
133. James A. Ohlson. "Ex Post Stockholder Unanimity: A Complete and Simplified Treatment." December l982.
132. Michael Adler and Bernard Dumas. "International Portfolio Choice and Corporation Finance: A Survey." November l982.
131. Avi Bick. "On the Doubling Strategy Paradox and the Definition of Arbitrage." September l982.
130. Roy D. Henriksson and Donald R. Lessard. "The Efficiency of the Forward Exchange Market: A Conditional Nonparametric Test of Forecasting Ability." July l982.
129. Joe Peek and James A. Wilcox. "The Postwar Stability of the Fisher Effect." August l982.
128. James A. Wilcox. "Excess Reserves in the Great Depression." July l982.
127. Yuk-Shee Chan. "On the Positive Role of Financial Intermediation in Allocation of Venture Capital in a Market with Imperfect Information." June l982.
126. Itzhak Venezia. "Optimal Duration of Growth Investments -- A Bayesian Approach." June l982.
125. Avi Bick. "Comments on the Valuation of Derivative Assets." Revised April l982.
124. Nils H. Hakansson. "To Pay or Not to Pay Dividends." April l982.
123. Nils H. Hakansson. "Changes in the Financial Market: Welfare and Price Effects and the Basic Theorems of Value Conservation." Revised October l981.
122. Nils H. Hakansson, J. Gregory Kunkel, and James A. Ohlson. "Sufficient and Necessary Conditions for Information to Have Social Value in Pure Exchange." Revised August l981.
121. Sasson Bar-Yosef and Yoram Landskroner. "The Impact of the Government on Financial Equilibrium and Corporate Financial Decisions." October l981.
120. Elroy Dimson and Paul Marsh. "The Stability of UK Risk Measures and the Problem of Thin Trading." September l981.
119. Mark Rubinstein. "A Simple Formula for the Expected Rate of Return of an Option over a Finite Holding Period." October l981.
Published Journal of Finance, Vol. 39, No. 5. (Dec., 1984), pp. 1503-1509.JSTOR
118. Mark Rubinstein. "Displaced Diffusion Option Pricing." November l981.
Published Journal of Finance, Vol. 38, No. 1. (Mar., 1983), pp. 213-217. JSTOR
117. Mark Rubinstein. "Nonparametric Tests of Alternative Option Pricing Models Using All Reported Trades and Quotes on the 30 Most Active CBOE Option Classes from August 23, l976 through August 31, l978." October l981.
Published Journal of Finance, Vol. 40, No. 2. (Jun., 1985), pp. 455-480. JSTOR
116. Yuk-Shee Chan. "Information Production, Market Signalling, and the Theory of Financial Intermediation: A Comment." September l981.
115. David F. Babbel and Nicholas Economides. "The Pareto-Optimal Design of Term Life Insurance Contracts." l981.
114. James A. Wilcox. "Interest Rates, Expected Inflation, and Supply Shocks or Why Real Interest Rates Were So Low in the l970s." July l981.
113. Yaacov Z. Bergman. "A Characterization of Self-Financing Portfolio Strategies." August l981.
112. Menachem Brenner and Dan Galai. "The Properties of the Estimated Risk of Common Stocks Implied by Option Prices." l981.
111. Jivendra Kale. "An Analytical Model and Evaluation of a Modern Market Clearing System." May l981.
110. James W. Hoag. "An Introduction to the Valuation of Commodity Option." May l978.
109. Yaacov Z. Bergman. "Option Pricing with Different Interest Rates for Borrowing and for Lending." March l981.
108. David F. Babbel and Kim B. Staking. "A Capital Budgeting Analysis of Life Insurance Costs in the United States: l950-l979." Fall, l980.
107. Thomas F. Cargill and Gillian G. Garcia. "Deregulation and Monetary Control: Historical Perspective and Impact of the l980 Act." December l980.
106. Nils H. Hakansson, Avraham Beja, and Jivendra Kale. "On the Feasibility of Automated Market Making by a Programmed Specialist." October l980.
105. Steinar Ekern. "Time Dominance Efficiency Analysis." November l980.
104. Richard C. Grinold. "Market Value Maximization and Markov Dynamic Programming." November l980.
103. Mark B. Garman and James A. Ohlson. "Valuation of Risky Assets in Arbitrage-Free Economies with Transactions Costs." October l980.
102. David H. Pyle. "Deposit Costs and Mortgage Rates." October l980.
101. David H. Pyle. "The Works of Paul H. Cootner: A Review Essay." August l980.
100. Robert R. Grauer. "A Comparison of Growth Optimal and Mean Variance Investment Policies." March l980.
99. Robert R. Grauer. "Macro and Micro Tests of the Mean Variance and Linear Risk Tolerance Capital Asset Pricing Models." March l980.
98. Mark B. Garman. "A Synthesis of the Pure Theory of Arbitrage." March l980.
97. James W. Hoag. "Toward Measures of Real Estate Value, Return, and Risk." December l979.
96. David H. Downes and Robert Heinkel. "Signaling and the Valuation of Unseasoned New Issues." December l979.
95. Hayne E. Leland. "Who Should Buy Portfolio Insurance?" December l979.
94. Octavio A. F. Tourinho. "The Option Value of Reserves of Natural Resources." September l979.
93. Gillian Garcia. "Credit Cards in an Interdisciplinary Survey: Toward a General Theory of Consumer Behavior." August l979.
92. Gillian Garcia and Simon Pak. "Repurchase Agreements: Bias and Inconsistency in the Estimation of the Money-Demand Function." July l979.
91. Nils H. Hakansson. "Welfare Comparisons of Financial Markets and the Basic Theorems of Value Conservation." June l979.
90. Hayne E. Leland. "On the Use of Risk-Adjusted Discount Rates." April l979.
89. Dennis W. Draper and James W. Hoag. "Financial Intermediation and the Economics of Information." March l979.
88. Hayne E. Leland. "Minimum Quality Standards and Licensing in Markets with Asymmetric Information." March l979.
87. A. L. Anathanaranyanan and Eduardo S. Schwartz. "Retractable and Extendable Bonds: The Canadian Experience." February l979.
86. James A. Ohlson and Mark B. Garman. "A Dynamic Equilibrium for the Ross Arbitrage Model." February l979.
Published in Journal of Finance, Vol. 35, No. 3. (Jun., 1980), pp. 675-684 JSTOR
85. Michael J. Brennan and Eduardo S. Schwartz. "A Continuous-Time Approach to the Pricing of Bonds." January l979.
84. Itzhak Venezia and Menachem Brenner. "Optimal Duration of Growth Investments and Search." February l979.
83. Stan Beckers. "Variance Prediction: An Empirical Study." December l978.
82. Stan Beckers. "Estimating the Diffusion-Jump Model of Stock Price Returns and Its Implications for Option Pricing." December l978.
Published as "A Note on..." Journal of Financial and Quantitative Analysis, Vol. 16, No. 1. (Mar., 1981), pp. 127-140. JSTOR
81. Stan Beckers. "The Constant Elasticity of Variance Model and Its Implications for Option Pricing." December l978.
Published Journal of Finance, Vol. 35, No. 3. (Jun., 1980), pp. 661-673. [Erratum: Journal of Finance, Vol. 35, No. 5. (Dec., 1980), pp. 1281-1283.] JSTOR
80. Menachem Brenner. "The Sensitivity of the Efficient Market Hypothesis to Alternative Specifications of the Market Model." November l978.
79. John C. Cox, Stephen Ross, and Mark Rubinstein. "Option Pricing: A Simplified Approach." September l978.
78. Richard C. Grinold. Payouts and Investment Policies for University Endowments." September l978.
77. Mark Rubinstein. "An Economic Valuation of Organized Option Markets." l978.
76. Mark Rubinstein. "A New Classification of Option Positions." September l978.
75. Barr Rosenberg. "Performance Measurement and Performance Attribution." August l978.
74. Richard C. Grinold. "Uncertain Price Changes and the Uncertainty of Inflation." August l978.
73. Mark B. Garman and James A. Ohlson. "Information and the Sequential Valuation of Assets in Arbitrage-Free Economies."
72. Mark B. Garman. "The Pricing of Supershares." August l978.
71. James Ohlson and Barr Rosenberg. "Systematic Risk of the CRSP Equal- Weighted Common Stock Index: A History Estimated by Stochastic- Parameter Regression." July l978.
70. Barr Rosenberg and Philip R. Perry. "The Fundamental Determinants of Risk in Banking." July l978.
69. Gillian Garcia and Simon Pak. "The Ratio of Currency to Demand Deposits in the United States." May l978.
68. Nils H. Hakansson. "Welfare Aspects of Options and Supershares." January l978.
67. Gillian Garcia and Simon Pak. "Some Clues in the Case of the Missing Money." l978.
66. Barr Rosenberg and Andrew Rudd. "The Yield/Beta/Residual Risk Tradeoff." January l978.
65. Barr Rosenberg. "Institutional Investment with Multiple Portfolio Managers." October l977.
64. Mark B. Garman and Michael J. Klass. "On the Estimation of Security Price Volatilities from Historical Data." October l977.
Published in Journal of Business, Vol. 53, No. 1. (Jan., 1980), pp. 67-78 JSTOR
63. Nils H. Hakansson. "A Characterization of Optimal Multiperiod Portfolio Policies." July l977.
62. Mark B. Garman. "Continuous-Time Finance Simplified. September l977.
61. Avraham Beja. "The Limits of Price Information in Market Processes." July l977.
60. Hayne E. Leland. "Quacks, Lemons, and Licensing: A Theory of Minimum Quality Standards." l977.
59. Richard C. Grinold. "The Valuation of Dependent Securities in a Diffusion Process." April l977.
58. Barr Rosenberg. "Security Appraisal and Unsystematic Risk in Institutional Investment." March l977.
57. David H. Pyle. "Interest Rate Ceilings and Net Worth Losses by Savers." February l977.
56. Avraham Beja and Nils H. Hakansson. "From Orders to Trades: Some Alternative Market Mechanisms." January l977.
55. Hayne E. Leland. "Information, Managerial Choice, and Stockholder Unanimity." December l976.
54. Mark Rubinstein. "Competition and Approximation." l976.
53. Bruno H. Solnik. "Inflation and Optimal Portfolio Choices." October l976.
52. Bruno H. Solnik. "Testing International Asset Pricing: Some Pessimistic Views." October l976.
51. Avraham Beja and Nils H. Hakansson. "Dynamic Market Processes and the Rewards to Up-to-Date Information." September l976.
50. Mark. B. Garman. "A General Theory of Asset Valuation under Diffusion State Processes." October l976.
49. Robert R. Grauer. "Beta as a Measure of Risk in Linear Risk Tolerance Economies." June l976.
48. Lewis J. Spellman. "Nonrate Competition for Savings Deposits." August l976.
47. James R. F. Guy. "The German Stock Exchange." August l976.
46. Avraham Beja and Hayne E. Leland. "Direct Evaluation and Corporate Financial Theory." August l976.
45. James R. F. Guy. "The International Capital Asset Pricing Model in Discrete Time." July l976.
44. Barr Rosenberg and Vinay Marathe. "Common Factors in Security Returns: Microeconomic Determinants and Macroeconomic Correlates." June l976.
43. Avraham Beja. "The Limited Information Efficiency of Market Processes." May l976.
42. Barr Rosenberg and Andrew Rudd. "Portfolio Optimization Algorithms: A Progress Report." May l976.
41. Hayne E. Leland and David H. Pyle. "Informational Asymmetries, Financial Structure, and Financial Intermediation." November l976.
Published J Finance 32:2 Papers and Proceedings of the Thrity-Fifth Annual Meeting of the American Finance Association, Atlantic City, New Jersey, Sept 16-18, 1977. (May 197) pp 371-387.JSTOR
40. Nils H. Hakansson. "Purchasing Power Funds: A New Technology for Channeling the Public's Investment Capital." February l976.
39. Hayne E. Leland. "Corporate Decision Making in Incomplete Markets." December l975.
38. Hayne E. Leland. "Optimal Risk Sharing and the Leasing of Natural Resources, with Application to Oil and Gas Leasing on the OCS." December l975.
37. Mark Rubinstein. "The Valuation of Uncertain Income Streams and the Pricing of Options." August l975.
36. James R. F. Guy. "The Effect of International Diversification on the Historical Performance of British Mutual Funds." July l975.
35. Menachem Brenner and David H. Downes. "A Critical Evaluation of the Measurement of Conglomerate Performance, Using the Capital Asset Pricing Model." May l975.
34. Mark Rubinstein. "The Strong Case for the Generalized Logarithmic Utility Model as the Premier Model of Financial Markets." February l975.
Published Journal of Finance, Vol. 31, No. 2, Papers and Proceedings of the Thirty-Fourth Annual Meeting of the American Finance Association Dallas, Texas December 28-30, 1975. (May, 1976), pp. 551-571. JSTOR
33. Barr Rosenberg and James Guy. "The Prediction of Systematic Risk." February l975.
32. Barr Rosenberg and Vinay Marathe. "Tests of Capital Asset Pricing Hypotheses." May l975.
31. Steven W. Kohlhagen. "The Use of the Discount Rate and Open Market Operations Under Alternative Exchange Rate Regimes." February l975.
30. Steven W. Kohlhagen. "Exchange Rate Expectations and International Capital Flows." February l975.
29. Hayne E. Leland. "Quality Choice and Competition." December l974.
28. Benjamin Bachrach and Dan Galai. "Risk-Return Relationship and Stock Prices." November l974.
27. David H. Pyle and Stephen J. Turnovsky. "The Dynamics of Government Policy in an Inflationary Economy" An `Intermediate-Run' Analysis." December l974.
Published J of Money, Credit and Banking, 8:4 (Nov 1976), pp 411-437. JSTOR
26. Mark Rubinstein. "A Discrete-Time Synthesis of Financial Theory, Part III. Extensions and Prospective." September l974.
25. Nils H. Hakansson. "The Superfund: Efficient Paths Toward a Complete Financial Market." September l974.
24. Nils H. Hakansson. "Ordering Markets and the Capital Structure of Firms, with Illustrations." October l974.
23. Mark Rubinstein. "A Note on the Value of Information in Personal and Impersonal Markets." August l974.
22. Nils H. Hakansson. "The Capital Asset Pricing Model: Some Open and Closed Ends." June l974.
21. Mark Rubinstein. "A Discrete-Time Synthesis of Financial Theory, Part II. Valuation and Efficiency." June l974.
20. Mark Rubinstein. "A Discrete-Time Synthesis of Financial Theory, Part I. Optimal Decision and Sharing Rules." May l974.
19. Andrew H. Chen. "The Effects of Purchasing Power Risk on Liquidity Preference." March l974.
18. David H. Pyle. "The Losses on Savings Deposits from Interest Rate Regulation." November l973.
17. Mark Rubinstein. "An Aggregation Theorem for Securities Markets." October l973.
16. Nils H. Hakansson. "Convergence to Isoelastic Utility in Multiperiod Portfolio Choice: Further Results." l973.
15. Mark Rubinstein. "A Simple Market Equilibrium Model of a Random Walk." October l973.
14. Mark Rubinstein. "Securities Market Efficiency in an Arrow-Debre Economy." October l973.
13. Barr Rosenberg, Michel Houglet, and Vinay Marathe. "Extra-Market Components of Covariance among Security Prices." l973.
12. Barr Rosenberg and Michel Houglet. "Error Rates in CRSP and Compustat Data Bases and Their Implications." July l973.
11. Barr Rosenberg. "The Behavior of Random Variables with Nonstationary Variance and the Distribution of Security Prices." December l972.
10. Gordon Pye and Ahmet Tezel. "Optimal Foreclosure Policies." October l972.
9. David H. Pyle. "Descriptive Theories of Financial Institutions Under Uncertainty." October l972.
Published J of Financial and Quantitative Analysis vol 7, no 5 (Dec 1972) pp 2009-2029. JSTOR
8. Nils H. Hakansson and Bruce L. Miller. "Compound-Return-Mean-Variance Efficient Portfolios Never Risk Ruin." September l972.
7. Mark B. Garman. "Trading Floor/1: A Prototype of an Automated Securities Exchange." July l972
6. Gordon Pye. "Gauging the Risk Premium for Bonds Subject to Default." June l972.
5. Gordon Pye. "Lifetime Portfolio Selection in Continuous Time for a Multiplicative Class of Utility Functions." June l972.
4. Gordon Pye. "A Note on Diversification." May l972.
3. Nils H. Hakansson. "Sequential Investment-Consumption Strategies for Individuals and Endowment Funds with Lexicographic Preferences." January l972.
2. David H. Pyle. "Asset Substitution, Inflation, and Interest Rates." November l971
1. David H. Pyle. "Observed Price Expectations and Interest Rates." l971.
Published: The Review of Economics and Statistics, Vol 54, no. 3 (Aug 1972) pp 275-280. JSTOR

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