Working Papers 1980

#01-80
On Dealer Markets Under Competition
Thomas Ho and Hans Stoll
[abstract]
(Journal of Finance, Vol. 35, No. 2, May 1980)

#02-80
A Competitive Entrepreneurial Model of a Stock Market
Richard E. Kihlstrom and Jean-Jacques Laffont
[abstract]
(The Economics of Information and Uncertainty, 1982)

#03-80
Evidence on the ‘Tax Effects’ of Inflation Under Historical Cost Accounting Methods
Nicholas J. Gonedes
[abstract]
(Journal of Business, Vol. 54, No. 2, April 1981)

#04-80
Risk Aversion with Initial Wealth
Richard E. Kihlstom, David Romer and Steve Williams
[abstract]
(Econometrica, Vol. 49, No. 4, July 1981)

#05-80
Optimal Claims in Automobile Insurance
Itzahk Venezia and Haim Levy
[abstract]
(Review of Economic Studies, Vol. 47, No. 3, April 1980)

#06-80
The Allocational Role of Takeover Bids in Situations of Asymmetric Information
Sanford J. Grossman and Oliver D. Hart
[abstract]
(Journal of Finance, Vol. 36, No. 2, May 1981)

#07-80
Corporate Hedging in Future Markets when Short Sales are Restricted
Simon Benninga
[abstract]

#08-80
Financial Management in an Inflation Economy
Moshe Ben-Horim and Haim Levy
[abstract]

#09-80
Expectations, Exchange Rates and Monetary Theory – The Case of the German Hyperinflation
Aris Protopapadakis
[abstract]
(Journal of International Money and Finance, Vol. 2, Issue 1, April 1983)

#10-80
The CAPM and Mean-Variance Efficient Portfolios
Irwin Friend, Randolph Westerfield and Joao Ferreira
[abstract]

#11-80
Exchange-Rate Unions and the Volatility of the Dollar
Richard C. Marston
[abstract]

#12-80
Unemployment and Real Interest Rates: Econometric Testing of Inflation Neutrality
Richard Startz
[abstract]
(American Economic Review, Vol. 71, No. 5, December 1981)

#13-80
Effect of Inflation on the Profitability and Valuation of U.S. Corporations
Irwin Friend and Joel Hasbrouck
[abstract]

#14-80
Majority Choice Determination of the Level of Non-Neutral Government Debt
Simon Benninga
[abstract]

#15-80
An Analysis of the Principal-Agent Problem
Sanford Grossman and Oliver Hart
[abstract]
(Econometrica, Vol. 51, No. 1, January 1983)

#16-80
Heterogeneous Information and the Theory of the Business Cycle
S. Grossman and L. Weiss
[abstract]
(Journal of Political Economy, Vol. 90, No. 4, August 1982)

#17-80
Corporate Financial Policy in Markets with Short Sale Restrictions
Simon Benninga
[abstract]

#18-80
The Determinants of the Variability of Stock Market Price
S. Grossman and R. Shiller
[abstract]
(American Economic Review, Vol. 71, No. 2, May 1981)

#19-80
The Endogeneity of Money During the German Hyperinflation: A Reappraisal
Aris Protopapadakis
[abstract]
(Economic Inquiry, Vol, 21, Issue 1, January 1983)

#20-80
Aftermarket Price Performance of 1978 New Issues
J. Mackowski
[abstract]

#21-80
The Interpretation of One-Parameter Performance Measures
Marshall E. Blume
[abstract]

#M01-80
Impediments to Capital Formation
Marshall E. Blume, Irwin Friend and Randolph Westerfield
[abstract]