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Probability Models for Economic Decisions
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Probability Models for Economic Decisions (2004)Probability Models for Economic DecisionsCooperation under uncertainty: Assessing the value of risk sharing and determining the optimal risk-sharing rule for agents with pre-existing business and diverging risk attitudes (2016)Cooperation under uncertainty…Innovation and Marketing in the Pharmaceutical Industry (2013)Innovation and Marketing in t…Expected Utility Inequalities (2006)Expected Utility InequalitiesIncreasing risk II: Its economic consequences (1971)The equity risk premium a solution (1988)Uncertainty (1990)Transaction-Cost Economics: The Governance of Contractual Relations (1979)Investment under Uncertainty (1994)Investment Under Uncertainty. (1994)The Pricing of Options and Corporate Liabilities (1973)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The price of innovation: new estimates of drug development costs (2003)
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  • 2013Innovation and Marketing in the Pharmaceutical Industry77 cited
  • 2016Cooperation under uncertainty: Assessing the value of risk sharing and determining the optimal risk-sharing rule for agents with pre-existing business and diverging risk attitudes31 cited
  • 2006Expected Utility Inequalities0 cited

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