This paper investigates a widely quoted stock market index, the Dow Jones Industrial Average (hereafter DJI), and constructs some alternative indices. Their performances are compared to the DJI. The question of applying the indices to problems of portfolio selection is explored when investors'...

Correction to the article Feeney, G. J., C. C. Sherbrooke. 1966. (s - 1, s) Inventory policy under compound poisson demand. Management Sci. 12(5, January) 391-411.

It is the purpose of this paper to suggest that inventory control operations involve two distinct types of problems which may be identified as tactical decision problems and strategic decision problems. The difference between these two types of problems will be discussed in more detail below....

We consider an single object auction environment with interdependent valuations and a generalized Vickrey-Clark-Groves allocation mechanism that allocates the object almost efficiently in a strict ex post equilibrium. If there is a significant amount of interdependence, there are multiple...

Some limit properties for information based model selection criteria are given in the context of unit root evaluation and various assumptions about initial conditions. Allowing for a nonparametric short memory component, standard information criteria are shown to be weakly consistent for a unit...

The aggregation problem in demand analysis and exchange equilibrium is studied by putting restrictions on the shape of the distribution of the agents' characteristics. This is done by exploiting the finite dimensional linear structure induced on demand functions by affine transformations of the...