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Volume 31: Issue 3 (June 1976)


Front Matter

Pages: i-vii  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb00397.x  |  Cited by: 0


Back Matter

Pages: viii-xiv  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb00398.x  |  Cited by: 0


LEASING, BUYING, AND THE COST OF CAPITAL SERVICES

Pages: 761-786  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01922.x  |  Cited by: 68

MERTON H. MILLER, CHARLES W. UPTON


ASSET LEASING IN COMPETITIVE CAPITAL MARKETS

Pages: 787-798  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01923.x  |  Cited by: 35

Wilbur G. Lewellen, Michael S. Long, John J. McConnell


VALUATION OF FINANCIAL LEASE CONTRACTS

Pages: 799-819  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01924.x  |  Cited by: 95

Stewart C. Myers, David A. Dill, Alberto J. Bautista


EFFECTS OF USURY CEILINGS IN THE MORTGAGE MARKET

Pages: 821-834  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01925.x  |  Cited by: 11

James R. Ostas


PREDICTABILITY OF RESERVE DEMAND, INFORMATION COSTS, AND PORTFOLIO BEHAVIOR OF COMMERICAL BANKS

Pages: 835-843  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01926.x  |  Cited by: 2

Ernst Baltensperger, Hellmuth Milde


MONEY SUPPLY CONTROL: RESERVES AS THE INSTRUMENT UNDER LAGGED ACCOUNTING

Pages: 845-852  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01927.x  |  Cited by: 0

David A. Pierce


RESERVE MEASURES AS OPERATING VARIABLES OF MONETARY POLICY: AN EMPIRICAL ANALYSIS

Pages: 853-864  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01928.x  |  Cited by: 1

Daniel E. Laufenberg


MARKET TESTS OF CAPITAL ADEQUACY OF LARGE COMMERCIAL BANKS

Pages: 865-875  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01929.x  |  Cited by: 19

Richard H. Pettway


THE “RULE OF 78”

Pages: 877-888  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01930.x  |  Cited by: 0

Dick Bonker


RATIONAL EXPECTATIONS UNDER CONDITIONS OF COSTLY INFORMATION

Pages: 889-895  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01931.x  |  Cited by: 9

Michael R. Darby

This paper analyzes optimal formation of rational expectations where information is costly to obtain to utilize. Under these conditions, expectations normally formed by an estimator will be intermediate between those based on all available information and those which are optimal extrapolative predictors.1 Since the costs of information are likely to vary less than the value of information, this model can explain systematic differences in expectations in markets, such as, labor, for which the value of accuracy of expectations differs between or among buyers and sellers. Similarly, expectations about the same variable may differ between markets where arbitrage is also costly.


OPTIMAL INITIATION OF BANKRUPTCY PROCEEDINGS BY DEBT HOLDERS

Pages: 897-910  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01932.x  |  Cited by: 11

James C. Van Horne


SHOULD A CORPORATION REPURCHASE ITS OWN STOCK?

Pages: 911-921  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01933.x  |  Cited by: 6

Samuel S. Stewart


INFLATION AND CAPITAL BUDGETING

Pages: 923-931  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01934.x  |  Cited by: 20

Charles R. Nelson


A PORTFOLIO APPROACH TO FOSSIL FUEL PROCUREMENT IN THE ELECTRIC UTILITY INDUSTRY

Pages: 933-947  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01935.x  |  Cited by: 57

Dan Bar-Lev, Steven Katz


THE EFFECT OF “MARKET INDEXES” ON THE EX-POST PERFORMANCE OF THE SHARPE PORTFOLIO SELECTION MODEL

Pages: 949-955  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01936.x  |  Cited by: 0

George M. Frankfurter


MONEY, PRICES AND OUTPUT

Pages: 956-959  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01937.x  |  Cited by: 0

EDWARD F. RENSHAW


ON BERNOULLI, SHARPE, FINANCIAL RISK AND THE ST. PETERSBURG PARADOX

Pages: 960-962  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01938.x  |  Cited by: 2

John T. Sennetti


THE EFFECT OF FHLB BOND OPERATIONS ON SAVINGS INFLOWS AT SAVINGS AND LOAN ASSOCIATIONS: COMMENT

Pages: 963-972  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01939.x  |  Cited by: 3

Peter Fortune


OPTIMAL FINANCING AND CAPITAL STRUCTURE PROGRAMS FOR THE FIRM: COMMENT

Pages: 973-975  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01940.x  |  Cited by: 0

Işlik İNselbaǧ


REPLY

Pages: 976-976  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01941.x  |  Cited by: 0

Clement G. Krouse


ON THE METHODOLOGY OF TESTING FOR INDEPENDENCE IN FUTURE PRICES: COMMENT

Pages: 977-979  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01942.x  |  Cited by: 9

Peter D. Praetz


REPLY

Pages: 980-983  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01943.x  |  Cited by: 0

Robert M. Bear, Richard A. Stevenson


REPLY

Pages: 984-985  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01944.x  |  Cited by: 0

Raymond M. Leuthold


COMPANY CONTRIBUTIONS TO DISCRETIONARY PROFIT-SHARING PLANS: COMMENT

Pages: 986-990  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01945.x  |  Cited by: 1

ULF PETER WELAM


REPLY

Pages: 991-994  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01946.x  |  Cited by: 0

JAMES MONAHAN, KENNETH MONAHAN


100% MARGINS REVISITED

Pages: 995-1000  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01947.x  |  Cited by: 9

WALTER L. ECKARDT, DONALD L. ROGOFF


THE INTRICATE RELATIONSHIP BETWEEN FINANCIAL LEVERAGE AND THE STABILITY OF STOCK PRICES: A CORRECTION

Pages: 1001-1001  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01948.x  |  Cited by: 0

ROBERT A. HAUGEN, DEAN W. WICHERN


BOOK REVIEWS

Pages: 1003-1023  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01949.x  |  Cited by: 0

Book reviewed in this article:


MISCELLANEA

Pages: 1024-1033  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01950.x  |  Cited by: 0


ANNOUNCEMENT

Pages: 1033-1033  |  Published: 6/1976  |  DOI: 10.1111/j.1540-6261.1976.tb01951.x  |  Cited by: 0