An Intertemporal Capital Asset Pricing Model
An intertemporal model for the capital market is deduced from the portfolio selection behavior by an arbitrary number of investors who aot so to maximize the expected utility o...
Publications
4 shownOn the Cost of Deposit Insurance When There Are Surveillance Costs
In an earlier paper on the cost of deposit insurance and loan guarantees (Merton 1977a), I demonstrated an isomorphic correspondence between loan guarantees and common stock put...
Researcher Info
- h-index
- 4
- Publications
- 4
- Citations
- 9,008
- Institution
- New School
External Links
Impact Metrics
h-index
4
h-index: Number of publications with at least h citations each.