Satchell, Stephen; Thorp, Susan - Finance Discipline Group, Business School - 2007
there are a few studies of the
US university endowment sector there is otherwise surprisingly little quantitative
research … also features in Merton (1990)
and more recently in Dybvig (1999), Woglom (2003) and Merton (2003). Empirical studies of … elasticity of
intertemporal substitution rather than risk aversion for consumption paths.
2. Literature
Studies of university …