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Regulation, Regulatory Lag, and the Use of Futures Markets
Valuation of Safe Harbor Tax Benefit Transfer Leases
The Effect of Risk on the Firm's Optimal Capital Stock: A Note
In this paper we extend the recent work on the choice of input mix under uncertainty. In particular, we demonstrate that the qualitative nature of the disturbance term, along with the decision sequence, is a crucial determinant of the overall effect of uncertainty on the optimal input mix of a firm. Using general demand and production functions in conjunction with a mean-variance framework for financial valuation, we demonstrate the differential effects of systematic and non-systematic risk on the firm's choice of an optimal input mix. Consistent with earlier work in economics, this analysis demonstrates that uncertainty, regardless of the source, has important implications for the firm's choice of technology.
Asymmetry of Information, Regulatory Lags and Optimal Incentive Contracts: Theory and Evidence: Discussion
George R. Hall, Asymmetry of Information, Regulatory Lags and Optimal Incentive Contracts: Theory and Evidence: Discussion, The Journal of Finance, Vol. 38, No. 2, Papers and Proceedings Forty-First Annual Meeting American Finance Association New York, N.Y. December 28-30, 1982 (May, 1983), pp. 431-432
Empirical Research on Bond Pricing: Discussion
Michael R. Gibbons, Empirical Research on Bond Pricing: Discussion, The Journal of Finance, Vol. 38, No. 2, Papers and Proceedings Forty-First Annual Meeting American Finance Association New York, N.Y. December 28-30, 1982 (May, 1983), pp. 648-650
A General Equilibrium Simulation Study of Subsidies to Municipal Expenditures: Discussion
Earl R. Rolph, A General Equilibrium Simulation Study of Subsidies to Municipal Expenditures: Discussion, The Journal of Finance, Vol. 38, No. 2, Papers and Proceedings Forty-First Annual Meeting American Finance Association New York, N.Y. December 28-30, 1982 (May, 1983), pp. 609-611
Valuation of Safe Harbor Tax Benefit Transfer Leases: Discussion
Harold Bierman, Jr., Valuation of Safe Harbor Tax Benefit Transfer Leases: Discussion, The Journal of Finance, Vol. 38, No. 2, Papers and Proceedings Forty-First Annual Meeting American Finance Association New York, N.Y. December 28-30, 1982 (May, 1983), pp. 611-612
An Empirical Analysis of the Pricing of Mortgage-Backed Securities: Discussion
S. M. Thurbull, An Empirical Analysis of the Pricing of Mortgage-Backed Securities: Discussion, The Journal of Finance, Vol. 38, No. 2, Papers and Proceedings Forty-First Annual Meeting American Finance Association New York, N.Y. December 28-30, 1982 (May, 1983), pp. 646-647
The Interaction of Financial and Investment Decisions When the Firm has Unused Tax Credits: Discussion
Alan J. Auerbach, The Interaction of Financial and Investment Decisions When the Firm has Unused Tax Credits: Discussion, The Journal of Finance, Vol. 38, No. 2, Papers and Proceedings Forty-First Annual Meeting American Finance Association New York, N.Y. December 28-30, 1982 (May, 1983), pp. 606-608