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OPTION PRICING: A SIMPLIFIED John C. COX APPROACH* Massachusetts Institute of Technology, Cambridge, MA 02139, USA Stanford University, Stanford, CA 94305, USA Stephen Yale University, A. ROSS USA New Haven, CT06520, Mark RUBINSTEIN University of Califorma, Berkeley, CA 94720, USA Received March 1979, revised version received July 1979 This paper presents a simple discrete-time model for valumg optlons. The fundamental econonuc principles of option pricing

Cet inventaire débouche sur une compréhension augmentée du paradigme contemporain de notre discipline. Incidemment, les intérêts et les difficultés des réflexions pluridisciplinaires dans des plans si fondamentaux sont évoqués. Abstract This paper attempts to assess the influence of Herbert Simon’s Bounded Rationality Theory in Management Sciences. First, the authors point out some results of the main research streams based on Bounded Rationality in marketing (consumer behavior), human resources

chartistes de type momentum. Enfin pour tester l’hypothèse d’efficience spéculative, on s’intéressera à la rentabilité de la spéculation associée à des stratégies chartistes et à des stratégies de carry trade. 4.“Therefore, the equilibrium concept in this paper is rather statistical than theoretical”, Traduction française des auteurs. 104 REVUE DE L’OFCE ■ 110 ■ JUILLET 2009 LES MARCHÉS FINANCIERS SONT-ILS EFFICIENTS ? ■ Au final, chaque forme d’efficience est associée à un test empirique particulier

Greece c Department of Economics, University of Ioannina, Ioannina 45110, Greece d Department of Economics, Athens University of Economics and Business, 76 Patission St., Athens 10434, Greece b a r t i c l e i n f o a b s t r a c t This paper specifies an empirical framework for estimating both technical and allocative efficiency using the translog cost-share system, thus providing a solution to the issue known in the literature as the Greene problem. The model is applied to a large panel

l’égard de l’enseignement supérieur : une analyse comparative MANUEL CRESPO Faculté des sciences de l’éducation Université de Montréal Montréal, Québec Tendances actuelles des politiques publiques à l’égard de l’enseignement supérieur 279 This paper analyzes current trends in public policy in higher education in the United States, Canada, and some countries of the European Union. These policies reflect the transformation of public management; some of them respond to the current demands of globalization

the analytical tools developed in this field and by offering a reflection on the level of integration of the existing variables. It offers an overview of the state of the different sources of theoretical explanations available to the analyst. The paper concludes that it is useful to treat the sources of explanation of trade policy decisions in an integrated manner and to put to contribution the principal levels of analysis identified in the literature in order to explain a policy orientation.

in knowledge dynamics: An analysis of market-framing processes in the field of Corporate Social Responsibility." Working paper - CGS - Ecole des Mines de Paris. Acquier, A. et J.-P. Gond (2005). "Aux sources de la Responsabilité Sociale de l'Entreprise : (re)lecture et analyse d'un ouvrage séminal : Social Responsibilities of the Businessman d'Howard Bowen (1953)." Working paper - CGS - Ecole des Mines de Paris. Aggeri, F., E. Pezet, et al. (2005). Organiser le développement durable. Paris, Vuibert

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