An equilibrium theory of excess volatility and mean reversion in stock market prices
By: Alan J. Marcus.
Series: NBER working paper series -- working paper no. 3106; Working paper series (National Bureau of Economic Research) -- working paper no. 3106.
Publisher: National Bureau of Economic Research
Published: 1989
Place of publication: Cambridge, MA
Language: eng
Number of pages: 13
Subjects: Stocks -- Prices -- Mathematical models.; Efficient market theory.; Equilibrium (Economics) -- Mathematical models.; Insurance, Investments guaranty -- Mathematical models.; Risk management -- Economic aspects -- Mathematical models.
Notes: "September 1989."

Includes bibliographical references (p. 13).

Binghamton University Libraries' copy bound with: Pension funds and financial innovation.