EVIDENCE ON THE “GROWTH-OPTIMUM” MODEL

Authors

  • Richard Roll

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    • Graduate School of Industrial Administration, Carnegie-Mellon University. The comments of Eugene Fama, Haim Levy, Robert Litzenberger and Myron Scholes are gratefully acknowledged. Remaining errors are due to the author alone.

  • This project was supported by the Ford Foundation which does not necessarily agree with the results and opinions.

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