Mean reversion in stock prices
Subtitle: evidence and implications
By: James M. Poterba, Lawrence H. Summers
Contributors: Summers, Lawrence H.; Massachusetts Institute of Technology. Dept. of Economics
Series: Working paper / Dept. of Economics -- no. 457; Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 457.
Publisher: Dept. of Economics, Massachusetts Institute of Technology
Published: 1987
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 42
Notes: "...part of the NBER Programs in Economic Fluctuations and Financial Markets."

"December 1986, Revised August 1987."

"References": p. 37-39.

Supported by the National Science Foundation.