Distinct discrete decisions made by the same economic actor are likely to be correlated, particularly those decisions involved in transportation demand. These correlations may be due to economic interactions among the decisions, or to heterogeneity, or both. This paper develops an econometric...

This paper reexamines the use of the Sharpe ratio to measure the performance of large and small company stocks along with corporate bonds over different holding periods. It builds on previous research which cites the effects of serial correlation and non-normality in the creation of estimation...