Working Papers 1993

#01-93
The Design of Bank Loan Contracts, Collateral, and Renegotiation (Revised: 2-96)
Gary Gorton and James Kahn
[abstract]
(The Review of Financial Studies, Vol. 13, Issue 2, April 2000)

#02-93
Corporate Control, Portfolio Choice, and the Decline of Banking
Gary Gorton and Richard Rosen
[abstract]
(The Journal of Finance, Vol 50, Issue 5, December 1995)

#03-93
Portfolio Inefficiency and the Cross-Section of Mean Returns (Revised: 6-94)
Shmuel Kandel and Robert F. Stambaugh
[abstract]

#04-93
Bayesian Inference and Portfolio Efficiency (Revision of 8-91) (Reprint 046)
Shmuel Kandel, Robert McCulloch and Robert F. Stambaugh
[abstract]
(The Review of Financial Studies, Vol 8, Issue 1, January 1995)

#05-93
Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing (Reprint 052)
James Dow and Gary Gorton
[abstract]
(Journal of Economic Theory, Vol 67, Issue 2, December 1995)

#06-93
Arbitrage Chains
James Dow and Gary Gorton
[abstract]
(The Journal of Finance, Vol 49, Issue 3, July 1994)

#07-93
Backwardation in Oil Futures Markets: Theory and Empirical Evidence
Robert H. Litzenberger and Nir Rabinowitz
[abstract]
(The Journal of Finance, Vol 50, Issue 5, December 1995)

#08-93
Dynamic Wealth Redistribution, Trade, and Asset Pricing
Simon Benninga and Joram Mayshar
[abstract] 

#09-93
Futures and Forward Prices with Markovian Interest Rate Processes
Simon Benninga and Aris Protopapadakis
[abstract]

#10-93
Quote Changes and Order Imbalances
Marshall E. Blume and Yun K. Wong
[abstract]

#11-93
Implementing Numerical Option Pricing Models
Simon Benninga, Raz Steinmetz and John Stroughair
[abstract]
Computational Economics and Finance: Modeling and Analysis with Mathematica, Vol 2, Hamilton Printing Co.

#12-93
An Exact Solution for the Investment and Market Value of a Firm Facing Uncertainty, Adjustment Costs, and Irreversibility
Andrew B. Abel and Janice C. Eberly
[abstract]
(Journal of Economic Dynamics and Control, Vol. 21, Issues 4-5, May 1997)

#13-93
Reputation Formation in Early Bank Debt Markets
Gary Gorton
[abstract]

#14-93
A Unified Model of Investment Under Uncertainty
Andrew B. Abel and Janice C. Eberly
[abstract]

#15-93
Multifactor Models Do Not Explain Deviations From the CAPM (Revised: 21-94)
Craig A. MacKinlay
[abstract]
(Journal of Financial Economics, Vol 38, Issue 1, May 1995)

#16-93
A Tale of Two Cities: Racial and Ethnic Geographic Disparities in Home Mortgage Lending in Boston and Philadelphia
Michael H. Schill and Susan M. Wachter
[abstract]
(Journal of Housing Research, Vol 4, No 2, 1993)

#17-93
Estimating Conditional Expectations When Volatility Fluctuates
Robert F. Stambaugh
[abstract] 

#18-93
Anatomy of the Trading Process: Empirical Evidence on the Behavior of Institutional Traders (Revised: 12-94)
Donald B. Keim and Ananth Madhavan
[abstract]
(Journal of Financial Economics, Vol 37, Issue 3, March 1995)

#19-93
Direct Evidence of Non-Trading of NYSE and AMEX Stocks
Stephen R. Foerster and Donald B. Keim
[abstract]
Security Market Imperfections in Worldwide Equity Markets, Cambridge University Press, 2000

#20-93
Using Genetic Algorithms to Find Technical Trading Rules (Revised: 20-95)
Franklin Allen and Risto Karjalainen
[abstract]