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A multiperiod equilibrium asset pricing model
(1978-07-26)
Marketability and the price of risk
(1978-07-26)
Capital market equilibrium in a mixed economy, optimal public sector investment decision rules and the social rate of discount
(1978-07-26)
What rate of discount should be used by publicly owned enterprises
in their evaluation of risky investments? According to
Hirshleifer, and Baumol, the public sector firm should use the same
cutoff rate as a private firm ...