...The present paper leaves this concern with banks andmarkets aside and instead proposes to focus attention on the industrial corporation as a financial institution in its own right.

The purpose of this paper is to call for a reassessment of the significance of corporate finance for corporate control and for a reorientation of the theory of corporate governance.

Escape variants can cause new waves of COVID-19 and put vaccination strategies at risk. To prevent or delay the global spread of these waves, virus mobility needs to be minimised through screening and testing strategies, which should also cover vaccinated people. The costs of these strategies...

The paper gives conditions for effi ciency and ineffi ciency of equilibrium allocations in an overlapping-generations model with a constant rate of population growth and with multiple assets, but without labour. Optimal portfolio choice implies that, for any period and history up to that period,...