On the Optimality of the Stock Market Allocation of Investment

Open Access

1 February 1972

journal article
Published by Oxford University Press (OUP) in The Quarterly Journal of Economics

Vol. 86 (1) , 25-60
https://doi.org/10.2307/1880492

Abstract

I. Introduction, 25.— II. The basic model, 27.— III. Determination of the level of investment in a mean variance model, 32. — IV. Choice of technique, 47. — V. Remarks on alternative models of market equilibrium, 52.— VI. Concluding remarks, 55. — Appendix, 57.

Keywords

ECONOMICS