Welcome to the Rodney L. White Center for Financial Research, an independently managed site at the Wharton School of the University of Pennsylvania.








WORKING PAPERS - 2000

Click on any title listed below to see the abstract. Click on the icon beside the title in order to download the full paper in Adobe Acrobat. (If you do not have the Adobe Reader you can get a free copy from Adobe's World Wide Web Site at http://www.adobe.com/acrobat/readstep.html).

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2000 2001


#01-00
Liquidity Provision during Circuit Breakers and Extreme Market Movements
Michael A. Goldstein, Kenneth A. Kavajecz
[abstract]

#02-00
Bookbuilding and Strategic Allocation
Francesca Cornelli, David Goldreich
[abstract]

#03-00
A Theory of Takeover Bidding
Bilge Yilmaz
[abstract]

[PUBLISHED} #04-00
Two-Class Voting: A Mechanism for Conflict Resolution?
Ernst Maug, Bilge Yilmaz
The American Economic Review,
December 2002, Vol. 92, No. 5, pp. 1448-1471.

[abstract]

#05-00
Strategic Voting and Proxy Contests
Bilge Yilmaz
[abstract]

#06-00
Nested Information and Manipulation in Financial Markets
Archishman Chakraborty, Bilge Yilmaz
[abstract]

#07-00
Informed Manipulation
Archishman Chakraborty, Bilge Yilmaz
[abstract]

#08-00
Predictable Changes in NAV: The wildcard option in transacting mutual fund shares
John M.R. Chalmers, Roger M. Edelen, Gregory B. Kadlec
[abstract]
Revision of 25-99

#09-00
The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
Andrew B. Abel
[abstract]

#10-00
Evaluating and Investing in Equity Mutual Funds
Lubos Pastor and Robert F. Stambaugh
[abstract]

#11-00
The Equity Premium and Structural Breaks
Lubos Pastor and Robert F. Stambaugh
[abstract]

#12-00
Stock-Return Predictability and Model Uncertainty
Doron Avramov
[abstract]

#13-00
Risk Aversion and Optimal Portfolio Policies in Partial and General Equilibrium Economies
Leonid Kogan and Raman Uppal
[abstract]

#14-00
Catching Up with the Joneses: Heterogeneous Preferences and the Dynamics of Asset Prices
Yeung Lewis Chan and Leonid Kogan
[abstract]

#15-00
Does the Internet Increase Trading? Evidence from Investor Behavior in 401(K) Plans 
James J. Choi, David Laibson and Andrew Metrick
[abstract]

16-00
Intraday Analysis of Market Integration:  Dutch Blue Chips traded in Amsterdam and New York 
Erik Hupperets and Bert Menkveld
[abstract]

17-00 
The Structure of the US Equity Markets 
Marshall E. Blume
[abstract]

18-00 
Dynamic Asset Allocation under Inflation 
Michael J. Brennan and Yihong Xia  
[abstract]


Rodney L. White Center for
Financial Research
Telephone: (215) 898-7616
Facsimile: (215) 573-8084
Email: rlwctr@finance.wharton.upenn.edu

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