Sanford J. Grossman

• One share/one vote and the market for corporate control
• The costs and benefits of ownership
• The informational role of prices
• A characterization of the optimality of equilibrium in incomplete markets
• A theory of competitive equilibrium in stock market economies
• An analysis of the implications for stock and futures price volatility of program trading and dynamic hedging strategies
• Economic costs and benefits of the proposed one-minute time bracketing regulation
• Essays on rational expectations
• Further results on the informational efficiency of competitive stock markets
• Liquidity and market structure
• On stockholder unanimity in making production and financial decisions
• On the impossibility of informationally efficient markets