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Author: Robert C. Merton
Publisher: Forgotten Books
ISBN: 9780666302076
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
Excerpt from The Optimality of a Competitive Stock Market Aid from the National Science Foundation is gratefully acknowledged. Our paper focuses on the issue of whether a competitive equilibrium in the mean-variance model is a pareto optimum or not, and its principal conclusion is that it is. The reason that our conclusion differs from the previous analyses is not due to a technical mistake, but rather to differences in interpretation of what the competitive mar ket assumptions are: specifically, we assume that in a competitive market, entry into that market is free. All three of the aforementioned papers restrict entry. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Robert C. Merton
Publisher: Forgotten Books
ISBN: 9780666302076
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
Excerpt from The Optimality of a Competitive Stock Market Aid from the National Science Foundation is gratefully acknowledged. Our paper focuses on the issue of whether a competitive equilibrium in the mean-variance model is a pareto optimum or not, and its principal conclusion is that it is. The reason that our conclusion differs from the previous analyses is not due to a technical mistake, but rather to differences in interpretation of what the competitive mar ket assumptions are: specifically, we assume that in a competitive market, entry into that market is free. All three of the aforementioned papers restrict entry. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Robert C. Merton
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 70
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Book Description
Author: Robert C. Merton
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 70
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Book Description
Author: Solomon Stephen Huebner
Publisher: Forgotten Books
ISBN: 9781391954868
Category : Business & Economics
Languages : en
Pages : 516
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Book Description
Excerpt from The Stock Market Special acknowledgment is due to my departmental colleagues, Professor Robert Riegel, and Assistant Pro fessor H. J. Loman. Professor Riegel very generously assisted me by his constructive criticism and in the as sembling of material for certain chapters. Mr. Loman read the entire manuscript and gave the benefit of his valuable criticism. I am also under special obligation to Mr. Loman for his active assistance in the preparation and writing of the chapter on Stock Exchange Clearing Houses, a subject to which he has given special study. Many persons connected with the New York Stock Ex change, and other Exchanges, also gave me valuable assistance throughout the preparation of the volume. To them I desire to express my appreciation for their uniform courtesy and to acknowledge my obligation for the assistance they rendered in explaining practices and in giving other information. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Scribner Browne
Publisher: Cosimo, Inc.
ISBN: 1596051272
Category : Business & Economics
Languages : en
Pages : 121
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Book Description
First published in 1918 and recognized in its day as "The Magazine of Wall Street," Tidal Swings Of The Stock Market defines what is now popularly known as the occurrence of stock market fluctuations. This investment classic offers a wide-range of information from how prices are determined to the relationship between money & stocks, including the influence of psychology on price movements across the board. Tidal Swings Of The Stock Market incorporates detailed explanations about the characteristic differences between Bull and Bear markets combined with practical suggestions on what helps investors understand the logic of market fluctuations.
Author: L. Makowski
Publisher:
ISBN:
Category : Economics
Languages : en
Pages :
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Book Description
Author: Carliss Y. Baldwin
Publisher: Forgotten Books
ISBN: 9780666585875
Category : Business & Economics
Languages : en
Pages : 60
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Book Description
Excerpt from Optimal Long-Term Investment When Price Depends on Output Given the diversity of the literature on imperfect product markets, it is useful, before proceeding, to clarify what type of market this analysis seeks to address. Imperfect markets are frequently defined in opposition to perfectly competitive markets which are characterized in two ways (perfect Competition) 1. All sellers face a horizontal demand curve for the product, or 2. The number of sellers is very large. (usually (2) implies that (l) effectively holds for all participants). The imperfect market treated in this paper is one in which the industry total demand curve is downward sloping: the impact of different numbers of market participants on optimal investment decisions will be examined in the course of the analysis. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: G. C. Selden
Publisher: Forgotten Books
ISBN: 9780265439210
Category : Business & Economics
Languages : en
Pages : 128
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Book Description
Excerpt from Psychology of the Stock Market His book is based upon the belief that the movements of prices on the exchanges are dependent to a very large degree on the mental attitude of the investing and trading public. It is the result of years of study and experience as fellow-at Columbia University, news writer, statistician, on the editorial staff of the magazine OF wall street, etc. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: J. Edward Meeker
Publisher: Forgotten Books
ISBN: 9780332389226
Category : Business & Economics
Languages : en
Pages : 668
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Book Description
Excerpt from The Work of the Stock Exchange Finally, the many controversial questions with which the whole subject of financial economics abounds have wherever possible been avoided, for the writer claims no adherence to any particular school of economic thought, nor has he any de sire, by producing either a panegyric or polemic, to enter into controversy for its own sake. Yet certain mooted problems have inevitably stood in his path, and they have been met with such fairness and practical knowledge of the subject as the author possesses. It is doubtless too much to think that all economists will agree with the views expressed in the present volume, for thus far no economic work of like nature has ever enjoyed so happy a fate. Enough will have been done if he has described and explained the machinery and the functions of the Exchange simply and clearly, without bandying abstrae tions, or employing the cloudy and impotent metaphysics into which economic controversy only too often degenerates. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: William Peter Hamilton
Publisher: Forgotten Books
ISBN: 9780332319544
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
Excerpt from The Stock Market Barometer: A Study of Its Forecast Value A preface is too often an apology, or at best an explanation of What should be sufficiently clear. This book requires no apology, and if it fails to explain itself the fault is that of the author. But acknowl edgment must be made most gratefully to Clarence W. Barron, president of Dow, Jones 8: Co., and to Joseph Cashman, manager of that great financial news service, for permission to use the indispensable dow-jones stock-price averages, and to my old com rade in Wall Street newspaper work, Charles F. Renken, compiler of those averages, for the charts here used in illustration. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
