Volume 31: Issue 3 (June 1976)

LEASING, BUYING, AND THE COST OF CAPITAL SERVICES

Pages: 761-786  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01922.x  |  Cited by: 176

MERTON H. MILLER, CHARLES W. UPTON

ASSET LEASING IN COMPETITIVE CAPITAL MARKETS

Pages: 787-798  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01923.x  |  Cited by: 85

Wilbur G. Lewellen, Michael S. Long, John J. McConnell

VALUATION OF FINANCIAL LEASE CONTRACTS

Pages: 799-819  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01924.x  |  Cited by: 192

Stewart C. Myers, David A. Dill, Alberto J. Bautista

EFFECTS OF USURY CEILINGS IN THE MORTGAGE MARKET

Pages: 821-834  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01925.x  |  Cited by: 18

James R. Ostas

PREDICTABILITY OF RESERVE DEMAND, INFORMATION COSTS, AND PORTFOLIO BEHAVIOR OF COMMERICAL BANKS

Pages: 835-843  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01926.x  |  Cited by: 8

Ernst Baltensperger, Hellmuth Milde

MONEY SUPPLY CONTROL: RESERVES AS THE INSTRUMENT UNDER LAGGED ACCOUNTING

Pages: 845-852  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01927.x  |  Cited by: 0

David A. Pierce

RESERVE MEASURES AS OPERATING VARIABLES OF MONETARY POLICY: AN EMPIRICAL ANALYSIS

Pages: 853-864  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01928.x  |  Cited by: 1

Daniel E. Laufenberg

MARKET TESTS OF CAPITAL ADEQUACY OF LARGE COMMERCIAL BANKS

Pages: 865-875  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01929.x  |  Cited by: 37

Richard H. Pettway

THE “RULE OF 78”

Pages: 877-888  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01930.x  |  Cited by: 1

Dick Bonker

RATIONAL EXPECTATIONS UNDER CONDITIONS OF COSTLY INFORMATION

Pages: 889-895  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01931.x  |  Cited by: 14

Michael R. Darby

This paper analyzes optimal formation of rational expectations where information is costly to obtain to utilize. Under these conditions, expectations normally formed by an estimator will be intermediate between those based on all available information and those which are optimal extrapolative predictors.1 Since the costs of information are likely to vary less than the value of information, this model can explain systematic differences in expectations in markets, such as, labor, for which the value of accuracy of expectations differs between or among buyers and sellers. Similarly, expectations about the same variable may differ between markets where arbitrage is also costly.Section I extends a model due to Theil toanalyzetheeffectsofcostlyinformation. Illustrative applications are discussed in Section II.

OPTIMAL INITIATION OF BANKRUPTCY PROCEEDINGS BY DEBT HOLDERS

Pages: 897-910  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01932.x  |  Cited by: 13

James C. Van Horne

SHOULD A CORPORATION REPURCHASE ITS OWN STOCK?

Pages: 911-921  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01933.x  |  Cited by: 9

Samuel S. Stewart

INFLATION AND CAPITAL BUDGETING

Pages: 923-931  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01934.x  |  Cited by: 35

Charles R. Nelson

A PORTFOLIO APPROACH TO FOSSIL FUEL PROCUREMENT IN THE ELECTRIC UTILITY INDUSTRY

Pages: 933-947  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01935.x  |  Cited by: 102

Dan Bar‐Lev, Steven Katz

THE EFFECT OF “MARKET INDEXES” ON THE EX‐POST PERFORMANCE OF THE SHARPE PORTFOLIO SELECTION MODEL

Pages: 949-955  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01936.x  |  Cited by: 6

George M. Frankfurter

MONEY, PRICES AND OUTPUT

Pages: 956-959  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01937.x  |  Cited by: 0

EDWARD F. RENSHAW

ON BERNOULLI, SHARPE, FINANCIAL RISK AND THE ST. PETERSBURG PARADOX

Pages: 960-962  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01938.x  |  Cited by: 4

John T. Sennetti

THE EFFECT OF FHLB BOND OPERATIONS ON SAVINGS INFLOWS AT SAVINGS AND LOAN ASSOCIATIONS: COMMENT

Pages: 963-972  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01939.x  |  Cited by: 5

Peter Fortune

OPTIMAL FINANCING AND CAPITAL STRUCTURE PROGRAMS FOR THE FIRM: COMMENT

Pages: 973-975  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01940.x  |  Cited by: 0

Işlik İNselbaǧ

REPLY

Pages: 976-976  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01941.x  |  Cited by: 0

Clement G. Krouse

ON THE METHODOLOGY OF TESTING FOR INDEPENDENCE IN FUTURE PRICES: COMMENT

Pages: 977-979  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01942.x  |  Cited by: 11

Peter D. Praetz

REPLY

Pages: 980-983  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01943.x  |  Cited by: 0

Robert M. Bear, Richard A. Stevenson

REPLY

Pages: 984-985  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01944.x  |  Cited by: 1

Raymond M. Leuthold

COMPANY CONTRIBUTIONS TO DISCRETIONARY PROFIT‐SHARING PLANS: COMMENT

Pages: 986-990  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01945.x  |  Cited by: 1

ULF PETER WELAM

REPLY

Pages: 991-994  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01946.x  |  Cited by: 0

JAMES MONAHAN, KENNETH MONAHAN

100% MARGINS REVISITED

Pages: 995-1000  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01947.x  |  Cited by: 14

WALTER L. ECKARDT, DONALD L. ROGOFF

THE INTRICATE RELATIONSHIP BETWEEN FINANCIAL LEVERAGE AND THE STABILITY OF STOCK PRICES: A CORRECTION

Pages: 1001-1001  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01948.x  |  Cited by: 0

ROBERT A. HAUGEN, DEAN W. WICHERN

BOOK REVIEWS

Pages: 1003-1023  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01949.x  |  Cited by: 0

Book reviewed in this article:Portfolio Aspects of Corporate Capital Budgeting. By E. Eugene Carter.Company Finance and the Capital Market. By E. W. Davis and K. A. Yeomans.Cash Management. By Richard Homonoff and David Wiley Mullins, Jr.Financial Markets and the Economy. By Charles N. Henning, William Pigott and Robert Haney Scott.National Monetary Policies and the International Financial System. Edited by Robert Z. Aliber.Problems of Balance of Payments and Trade. Nasrollah S. Fatemi (editor).International Trade and Development Theory. Ronald E. Findlay.The Economics of Common Currencies. Harry G. Johnson and Alexander K. SwobodaMonetary Aggregate and Monetary Policy. By Richard G. Davis et al.Real Estate Finance by William R. Beaton.

MISCELLANEA

Pages: 1024-1033  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01950.x  |  Cited by: 0

ANNOUNCEMENT

Pages: 1033-1033  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01951.x  |  Cited by: 0