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Page 237
The individual investor's budget equation is & ZijPj j ( 7 ) where W is the wealth of the investor at the start of the ... Via the assumptions of efficient markets , homogenous expectations , and investors choosing mean - variance ...
The individual investor's budget equation is & ZijPj j ( 7 ) where W is the wealth of the investor at the start of the ... Via the assumptions of efficient markets , homogenous expectations , and investors choosing mean - variance ...
Page 238
Zin ( 13 ) This says that a given investor holds a constant proportion of every risky stock . ... then all investors hold a constant per- centage of the most inclusive portfolio ( e.g. , the market portfolio ) . 2.
Zin ( 13 ) This says that a given investor holds a constant proportion of every risky stock . ... then all investors hold a constant per- centage of the most inclusive portfolio ( e.g. , the market portfolio ) . 2.
Page 313
Moreover , many investors subscribe to the " a bird in the hand is worth two in the bush " thesis , perhaps because of a lack of confidence in regulation . Investors are concerned about the lack of response by regulators to the erosion ...
Moreover , many investors subscribe to the " a bird in the hand is worth two in the bush " thesis , perhaps because of a lack of confidence in regulation . Investors are concerned about the lack of response by regulators to the erosion ...
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Contents
FIRST SESSION Regulation and the Utility Industries | 1 |
SOLVING THE INFLATION DILEMMA | 103 |
FOURTH SESSION | 111 |
27 other sections not shown
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accounting additional adjustment agencies allowed amount analysis application average base basis believe capacity capital changes charges Commission common companies competition concerned considered construction consumer continue cost curves customers decision demand depreciation determine earnings economic effect efficiency electric utilities energy equity estimated example existing expected expense fact factor Federal firm fuel future going growth higher important income increase industry inflation interest investment investors Iowa issues less load marginal means measure method Michigan natural operating peak percent period plant possible present problems production Public Utilities question rate of return ratio reasonable recent reduce regulation regulatory requirements reserve result revenue risk structure supply telephone tion unit