The basic assumption of this study is that economic agents might be endowed with differential information. In the first part, we investigate whether managers of firms announcing open-market stock repurchases have information superior to outside investors. To address the issue this study proposes...

This paper estimates the aggregate demand for private health insurance coverage in the U.S. using an error-correction model and by recognizing that people are without private health insurance for voluntary, structural, frictional, and cyclical reasons and because of public alternatives....

he role of selling (or marketing) period uncertainty in understanding risk associated with property investment is examined in this paper. Using an approach developed by Lin (2004), and Lin and Vandell (2001, 2005), combined with a statistical model of UK commercial property transactions, we show...