Other Publications

"Macroeconomic Crises since 1870," Comment on Barro and Ursùa,” Brookings Papers on Economic Activity (Spring 2008), 341-350.

“Market Organization and the Prices of Financial Assets,” The Manchester School Supplement (September 2006).

“Option Pricing: Real and Risk Neutral Distributions,” in J. R. Birge and V. Linetsky, Financial Engineering, Handbooks in Operations Research and Management Science. Elsevier/North-Holland.

“Understanding the Equity Risk Premium Puzzle,” in R. Mehra (ed.), Equity Risk Premium, Handbook of Investments, Volume 3 in Handbooks in Finance. Elsevier/North-Holland, forthcoming.

"Transaction Costs and the Pricing of Financial Assets," Multinational Finance Journal (June 1997), 93-99.

"Portfolio Theory," in: R. A. Jarrow, V. Maksimovic, and W. T. Ziemba (eds.), Finance, Handbooks in Operations Research and Management Science, Volume 9. North-Holland, 1995, (with A. G. Malliaris).

"Optimal Investment Strategies for University Endowment Funds: Comment," in Clotfelder, C. T. and M. Rothschild (eds.), Studies of Supply and Demand in Higher Education. University of Chicago Press, 1993.

"Theory of Valuation: Overview and Recent Developments," in: S. Bhattacharya and G. M. Constantinides (eds.), Theory of Valuation: Frontiers of Modern Financial Theory, Volume 1, Totowa, N.J. Rowman and Littlefield, 1989.

"Comments on Stock Return Seasonality," in E. Dimson (ed.) Stock Market Anomalies Cambridge University Press, 1988.

"Call and Conversion of Convertible Bonds: Theory and Evidence," Proceedings, Seminar on the Analysis of Security Prices, CRSP, Graduate School of Business, University of Chicago (November 1986) 35-69 (with B. D. Grundy).

"The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence: Discussion," Journal of Finance (July 1985) 791-792.

"Debt and Taxes and Uncertainty: Discussion," Journal of Finance (July 1985) 657-658.

"To Pay or Not to Pay Dividend: Discussion," Journal of Finance (May 1982), 470-472.

"Optimal Bond Trading with Personal Tax: Implications for Bond Prices and Estimated Tax Brackets and Yield Curves," Journal of Finanace (May 1982), 349-352 (with J.E. Ingersoll).

"Cash Demand, Liquidation Costs, and Capital Market Equilibrium under Uncertainty: Comment," Journal of Financial Economics (June 1976), 295-296.

"Optimal Portfolio Revision with Proportional Transaction Costs: Extension to HARA Utility Functions and Exogenous Deterministic Income," Management Science 22 (April 1976), 921-923.