Representative Publications
(with S. Matthews)
"Managerial Incentives in an Entrepreneurial Stock Market Model." Journal of Financial Intermediation 1.1 (March 1990).
(with L. Mirman)
"Information and Market Equilibrium." Bell Journal of Economics 6.1 (Spring 1975).
(with L. Mirman)
"Risk Aversion with Many Commodities." Journal of Economic Theory 8.3 (July 1974).
Education
PhD, University of Minnesota, 1968; BA, Purdue University, 1964
Career and Recent Professional Awards; Teaching Awards
Fellow, Econometric Society, 1981
Academic Positions Held
Wharton: 1979-present (Chairperson, Finance Department, 2006-present; Chairperson, Finance Department, 1988-94; named Ervin Miller-Arthur M. Freedman Professor of Finance, 1986; Associate Director, Doctoral Programs, 1986 88). Previous appointments: Northwestern University; University of Illinois; State University of New York at Stony Brook; University of Massachusetts.