Working Paper | 1984

Earnings Variability and Variance Bounds Tests for Rationality of Stock Market Prices

by Robert C. Merton and Terry A. Marsh

Citation:

Merton, Robert C., and Terry A. Marsh. "Earnings Variability and Variance Bounds Tests for Rationality of Stock Market Prices." Sloan School of Management Working Paper, No. 1559-84, April 1984.