Journal Article On the Existence of a Keynesian Equilibrium Get access E. Glustoff E. Glustoff University of Washington Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 35, Issue 3, July 1968, Pages 327–334, https://doi.org/10.2307/2296665 Published: 01 July 1968

Journal Article A Productivity Theory of Wage Levels—An Alternative to the Phillips Curve Get access E. Kuh E. Kuh Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 4, October 1967, Pages 333–360, https://doi.org/10.2307/2296554 Published: 01 October 1967

Journal Article Balanced Growth and Stability in the Johansen Vintage Model Get access E. Sheshinski E. Sheshinski Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 2, April 1967, Pages 239–248, https://doi.org/10.2307/2296812 Published: 01 April 1967

The Analogy Between Atemporal and Intertemporal Theories of Resource Allocation Get access E. Malinvaud E. Malinvaud Paris Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 28, Issue 3, June 1961, Pages 143–160, https://doi.org/10.2307/2295944 Published: 01 June 1961

Journal Article A Note on an Index Number Problem Get access E. Rothbarth E. Rothbarth Cambridge Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 11, Issue 2, 1944, Pages 91–98, https://doi.org/10.2307/2295970 Published: 01 January 1944

Journal Article The Quantitative Aspect of the British Population Problem—A Survey Get access E. Grebenik E. Grebenik London Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 10, Issue 1, Winter 1942, Pages 43–52, https://doi.org/10.2307/2967494 Published: 01 December 1942

Journal Article The Measurement of Changes in Real Income under Conditions of Rationing Get access E. Rothbarth E. Rothbarth Cambridge Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 8, Issue 2, February 1941, Pages 100–107, https://doi.org/10.2307/2967466 Published: 01 February 1941

We estimate peer effects in college achievement using a data set in which individuals are exogenously assigned to peer groups of about 30 students with whom they are required to spend the majority of their time interacting. This feature enables us to estimate peer effects that are more comparable to changing the entire cohort of peers. Using this broad peer group, we measure academic peer effects of much larger magnitude than found in previous studies. The effects persist at a diminished rate into follow-on years, and we find evidence of nonlinearities in the magnitude of the effects across student academic ability.

Cost allocation, Sharpley value, Preferences, Risk

Why is the mere announcement of an open-market share repurchase program, which involves no commitment to purchase shares, regarded as good news by the market? We develop a theoretical model to resolve this puzzle. The model predicts that firms with large underpricing can attract attention from speculators by announcing repurchases, and the subsequent trades from these speculators lead to value corrections. Firms with small underpricing, however, cannot attract attention by announcing repurchases, and these firms have to use costly share repurchases as a value-correcting signal. We then provide empirical evidence corroborating the predictions of the theoretical model.