regard, the paper establishes how the prices of graded as well as ungraded output varies with the amount of output graded and …

This Paper Provides a Rationale for the Difference Between Contract and Spot Prices Which Is Not Based on Risk Aversion …

Prices. the Second Part of the Paper Deals with the Econometric Implications of the Model. the Consumption and Portfolio … Consumption, Portfolio Decisions, Output and Asset Prices Are Stationary. We Formulate a Gaussian Model, Very Similar to Hansen …