Quarterly Journal of Business and Economics articles from March 1990

Quarterly Journal of Business and Economics archives from March 1990

The valuation of American calls on futures contracts: a comparison of methods.
March 22, 1990... The Valuation of American Calls on Futures Contracts: A Comparison of Methods Abstract This study extends the analysis of approximation methods for pricing American call options on futures contracts. Whereas previous studies ...

Efficiency of the railroad industry: a frontier production function approach.
March 22, 1990... Efficiency of the Railroad Industry: A Frontier Production Function Approach Abstract This paper uses a production frontier method to measure the revenue efficiency of the railroad industry in the U.S. from 1951 to 1981. The ...

The economies of scale revisited: comparing census costs, engineering estimates, and the survivor technique.
March 22, 1990... The Economies of Scale Revisited: Comparing Census Costs, Engineering Estimates, and the Survivor Technique Abstract The Census of Manufactures is used to compute average costs for various plant sizes in the flour milling, cheese,...

Day-of-the-week patterns in futures prices: some further results.
March 22, 1990... Day-of-the-Week Patterns in Futures Prices: Some Further Results Abstract This paper describes the results of an investigation into the daily price change behavior of the NYSE composite index and its futures contracts. ...

The natural rate, hysteresis, and the duration composition of unemployment in the U.S.
March 22, 1990... The Natural Rate, Hysteresis, and the Duration Composition of Unemployment in the U.S. Abstract This paper compares the natural rate and hysteresis accounts of equilibrium unemployment. The contrasting implications of the two ...