Search Results - "Bell Journal of Economics and Management Science"

Theory of Rational Option Pricing by Merton, Robert C.

“…The long history of the theory of option pricing began in 1900 when the French mathematician Louis Bachelier deduced an option pricing formula based on the…”
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Theories of Economic Regulation by Posner, Richard A.

“…Several theories have been advanced to explain the observed pattern of government regulation of the economy. These include the "public interest" theory and…”
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The Theory of Economic Regulation by Stigler, George J.

“…The potential uses of public resources and powers to improve the economic status of economic groups (such as industries and occupations) are analyzed to…”
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A Theory of Interdependent Demand for a Communications Service by Rohlfs, Jeffrey

“…The utility that a subscriber derives from a communications service increases as others join the system. This is a classic case of external economies in…”
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Taxation by Regulation by Posner, Richard A.

“…Students of the regulated industries often assume that regulation is designed either to approximate the results of competition or to protect the regulated…”
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Cartels, Competition and Regulation in the Property-Liability Insurance Industry by Joskow, Paul L.

“…This paper provides a detailed study of the structure, behavior, and performance of the property and liability insurance industry in the United States. The…”
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Input Choices and Rate-of-Return Regulation: An Overview of the Discussion by Baumol, William J., Klevorick, Alvin K.

“…This article reviews the substance of the literature stemming from the Averch-Johnson model of the firm under rate-of-return regulation. It examines a number…”
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Free Riders and Collective Action: An Appendix to Theories of Economic Regulation by Stigler, George J.

“…The free rider problem is restated more precisely as the cheap rider problem. It is argued that if one takes account of the frequent or typical asymmetry in…”
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Capital Markets: Theory and Evidence by Jensen, Michael C.

“…This paper is a review of the foundations and current state of mean-variance capital market theory. This work, whose foundations lie in the mean-variance…”
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Proof That Properly Discounted Present Values of Assets Vibrate Randomly by Samuelson, Paul A.

“…Even the best investors seem to find it hard to do better than the comprehensive common-stock averages, or better on the average than random selection among…”
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Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-overs by Stiglitz, Joseph E.

“…This paper considers the implications of bankruptcies, take-overs, and divergent expectations for the financial policy of the firm; we argue that, under…”
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On the Theory of the Firm in an Economy with Incomplete Markets by Ekern, Steinar, Wilson, Robert

“…This article establishes conditions sufficient to ensure that a decision of a firm is judged to be desirable by any one shareholder (e.g., the firm's manager)…”
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Production Theory and the Stock Market by Leland, Hayne E.

“…Traditional economic models separate firms' production decisions from equilibrium in stock markets. In this paper, we develop an integrated model of production…”
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Responsive Pricing of Public Utility Services by Vickrey, William

“…Utility prices that are made to respond appropriately to adventitious variations in demand or supply can produce substantial improvement in the efficiency of…”
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The Application of Finance Theory to Public Utility Rate Cases by Myers, Stewart C.

“…The purpose of this paper is to formulate the implications of finance theory for rate of return regulation. A variety of problems in finance and the law and…”
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The Optimum Factory Town by Dixit, Avinash

“…This paper studies the determination of the optimum size and arrangement of a monocentric city. The major consideration is the trade-off between economies of…”
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The Appropriate Scope of Regulation in the Cable Television Industry by Posner, Richard A.

“…The development of cable television has been subjected to a comprehensive and complex array of federal, state, and local regulations; and many new proposals…”
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Congestion Cost and the Use of Land for Streets by Solow, Robert M.

“…The traditional model of the equilibrium economic geography of a monocentric city is generalized to introduce congestion costs as well as distance costs of…”
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The measurement of corporate rates of return: a generalized formulation by Stauffer, Thomas R

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Cost Allocation in Railroad Regulation by Griliches, Zvi

“…This paper reviews a number of cost studies conducted by the Cost Finding Section of the ICC purporting to show that the elasticity of total railroad costs…”
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