“Lifetime Portfolio Selection with Age Dependent Risk Aversion,” Mathematical Methods in Investments and Finance, (edited by G. P. Szego and K. Shell) North Holland (1972).
“Lifetime Portfolio Selection in Continuous Time for a Multiplicative Class of Utility Functions,” American Economic Review (Dec. 1973).
Monetary Policy
with Ian Young “The Effect of Deposit Rate Ceilings on Aggregate Income,” Journal of Finance (Dec. 1972).
Papers
Retrenchment Rule
“Disbursements”, Journal of Portfolio Management (Spring 2017).
“The Effect of Emergencies on Retirement Savings and Withdrawals,” Journal of Financial Planning (Nov. 2010).
“When Should Retirees Retrench? Reducing the Need with Part-Time Work and Annuitization,” Journal of Financial Planning (Jan. 2009).
“When Should Retirees Retrench? Later Than You Think,” Journal of Financial Planning (Sept. 2008).
“Sustainable Investment Withdrawals”, Journal of Portfolio Management (Summer 2000).
Behavioral Finance
“Minimax Policies for Selling an Asset and Dollar Averaging,” Management Science (March 1971).
“A Note on Diversification,” Journal of Financial and Quantitative Analysis (Jan. 1974).
“Sequential Policies for Bank Money Management,” Management Science (Nov. 1973).
“Minimax Portfolio Policies,” Financial Analysts Journal (March-April 1972).
Bond Option Valuation
“The Value of the Call Option on a Bond,” Journnal of Political Economy (April 1966).
“A Markov Model of the Term Structure,” Quarterly Journal of Economics (Feb. 1966).
“The Value of Call Deferment on a Bond: Some Empirical Results,” Journal of Finance (Dec. 1967).
“State of the Finance Field: Reply,” Journal of Finance (Dec. 1968).
Capital Market Theory
“Portfolio Selection and Security Prices,” Review of Economics and Statistics (Feb. 1967).
“A General Equilibrium Model of the Term Structure under Transactions Costs,” Review of Economic Studies (Oct. 1971).
“On the Tax Structure of Interest Rates,” Quarterly Journal of Economics (Nov. 1969).
Corporation Finance
“Present Values for Imperfect Capital Markets,” Journal of Business (Jan. 1966).
“Preferential Tax Treatment of Capital Gains, Optimal Dividend Policy, and Capital Budgeting,” Quarterly Journal of Economics (May 1972).
“The LTV AA Paradox: Some Lessons in Market Valuation,” Financial Analysts Journal (May-June 1970).
“Gauging the Default Premium,” Financial Analysts Journal (Jan.-Feb. 1974).
with Ahmet Tezel “Optimal Foreclosure Policies” Management Science (Oct. 1974).
“Does the Market Always Know Best?” Financial Analysts Journal (July-Aug. 1989).
Retirement Economics
“Lifetime Portfolio Selection with Age Dependent Risk Aversion,” Mathematical Methods in Investments and Finance, (edited by G. P. Szego and K. Shell) North Holland (1972).
“Lifetime Portfolio Selection in Continuous Time for a Multiplicative Class of Utility Functions,” American Economic Review (Dec. 1973).
Monetary Policy
with Ian Young “The Effect of Deposit Rate Ceilings on Aggregate Income,” Journal of Finance (Dec. 1972).