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Wealth Maximization and the Cost of Capital

Alan J. Auerbach
Quarterly Journal of Economics 1979 93(3), 433
I. Introduction, 433.—II. The model, 434.—III. The problem, 435.—IV. Wealth maximization: no personal taxes, 436.—V. Wealth maximization with personal taxes, 438.—VI. Firm value and the cost of capital, 440.—VII. Financial policy and the cost of capital, 442.—VIII. Conclusion, 445.

On Moral Hazard and Insurance

Steven Shavell
Quarterly Journal of Economics 1979 93(4), 541
I. Introduction, 541.—II. The model, 542.—III. Moral hazard when care is not observed by the insurer, 544.—IV. Moral hazard when care is observed by the insurer, 550.—Appendix, 561.

Auctions of Shares

Robert Wilson
Quarterly Journal of Economics 1979 93(4), 675
Unit and share auctions, 675.—Formulation, 676.—No proprietary information, 677.—Proprietary information, 680.—Discriminatory pricing, 686.—Vickrey auctions, 687.—Conclusion, 688.

Market Structure and Innovation

Glenn C. Loury
Quarterly Journal of Economics 1979 93(3), 395
I. Introduction, 395.—II. The model, 397.—III. Competitive entry and long-run equilibrium, 402.—IV. Welfare analysis of industry equilibria, 405.—V. Conclusion, 408.