Housing Market and Economics

The Economics and Econometrics of Active Labor Market Programs

The Market for "Lemons": Quality Uncertainty and the Market Mechanism

CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*

The Effect of a Market Orientation on Business Profitability

Job Market Signaling

Market Orientation: The Construct, Research Propositions, and Managerial Implications

Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency

The Internationalization Process of the Firm—A Model of Knowledge Development and Increasing Foreign Market Commitments

Instrumental Stakeholder Theory: A Synthesis of Ethics and Economics

Transaction-Cost Economics: The Governance of Contractual Relations

The Capabilities of Market-Driven Organizations

Market Orientation: Antecedents and Consequences

Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk

The Quarterly Journal of Economics

THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.]

Industrial Market Structure and Economic Performance.

The Economics of Organization: The Transaction Cost Approach

Bid, ask and transaction prices in a specialist market with heterogeneously informed traders

The worldwide leaf economics spectrum

The New Institutional Economics: Taking Stock, Looking Ahead