To make high-quality research more accessible and easier to explore.

Fields:
186 results ✕ Clear filters

Municipal Bond Ratings: A Discriminant Analysis Approach

Journal of Financial and Quantitative Analysis 1977 12(4), 587
Allen J. Michel, Municipal Bond Ratings: A Discriminant Analysis Approach, The Journal of Financial and Quantitative Analysis, Vol. 12, No. 4, Proceedings of the 1977 Western Finance Association Meeting (Nov., 1977), pp. 587-598

An Unbiased Estimator of the N-Period Relative

Journal of Financial and Quantitative Analysis 1977 12(3), 505
Define Rt as the ratio of the value of an asset at the end of the tthperiod to its value at the end of the previous period. Rt is then a one-period relative equal to unity plus the interest rate. Assume that Rt is an independent, normally distributed random variable with mean μ and nonzero variance σ2. Rt is then observed aswhere the disturbance term ∈t t is independently and normally distributed with mean zero and variance σ2. To assess the long-term expected rate of return of the asset, it is desirable to estimate its expected increment in value of the one-period relative raised to the Nth power, i.e., μN.

The Existence of Futures Markets, Noisy Rational Expectations and Informational Externalities

Review of Economic Studies 1977 44(3), 431
Journal Article The Existence of Futures Markets, Noisy Rational Expectations and Informational Externalities Get access Sanford J. Grossman Sanford J. Grossman Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 44, Issue 3, October 1977, Pages 431–449, https://doi.org/10.2307/2296900 Published: 01 October 1977 Article history Received: 01 April 1975 Accepted: 01 October 1976 Published: 01 October 1977

Ideal Prices vs. Prices vs. Quantities

Review of Economic Studies 1977 44(1), 183
Journal Article Ideal Prices vs. Prices vs. Quantities Get access N. J. Ireland N. J. Ireland University of Warwick Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 44, Issue 1, February 1977, Pages 183–186, https://doi.org/10.2307/2296983 Published: 01 February 1977 Article history Received: 01 March 1975 Accepted: 01 February 1976 Published: 01 February 1977