Efficiency and the Variability of Asset Prices

Asset Prices in an Exchange Economy

1978 • 5,134 citations

The Present-Value Relation: Tests Based on Implied Variance Bounds

1981 • 1,402 citations

The Volatility of Long-Term Interest Rates and Expectations Models of the Term Structure

1979 • 866 citations

The Determinants of the Variability of Stock Market Prices

1981 • 624 citations

Risk Aversion and the Martingale Property of Stock Prices

1973 • 360 citations

The Use of Volatility Measures in Assessing Market Efficiency*

1981 • 347 citations

Excess Volatility in the Financial Markets: A Reassessment of the Empirical Evidence

1983 • 296 citations

Expectations Models of Asset Prices: A Survey of Theory

1982 • 115 citations

Risk Aversion and the Dispersion of Asset Prices

1981 • 81 citations

Nominal Prices and Interest Rates in General Equilibrium: Money Shocks

1984 • 59 citations

Variance Bounds in a Simple Model of Asset Pricing

1982 • 51 citations

Behavior under Uncertainty and Its Implications for Policy

1983 • 40 citations

Commodities and Capital: Prices and Quantities

1983 • 40 citations