Now showing items 1-10 of 963
Stock Price Manipulation Through Takeover Bids
(1989-11)
The possibility that a takeover bid is designed solely to allow the bidder to drive up the stock price, sell his holdings at the higher price and drop the bid has not been studied nor incorporated into analyses of takeovers. ...
Common Knowledge and Game Theory
(1988-07)
Perhaps the most important area in which common knowledge problems arise is in the study of rational expectations equilibria in the trading of risky securities. How can there be trade if everybody's willingness to trade ...
The use of accounting information in bank lending decisions
(Elsevier, 1989)
This paper examines the impact of accounting information on the sequential judgements of experienced bank loan officers using realistic lending cases in an experimental setting. The findings suggest that loan officers reach ...
Dividend (Vol. 18, No. 1, February, 1987)
(Graduate School of Business Administration, University of Michigan, 1987)
Micro-Based Estimates of Demand Functions for Local School Expenditures
(1980-10)
We devise and apply a new method for local public goods from survey data. Individuals' responses to questions about whether they want more or less of various public goods are combined with observations of their incomes, ...
Incentive Contracting with Asymmetry of Precontractual Beliefs
(1981-11)
The interaction between a risk-neutral principal and agent is explored in which the agent's information is better than that of the principal both before and after a contract is agreed upon. It is shown that, in contrast ...