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Journal Article

Lessons From Financial Economics

January 1, 1991 - Jonathan R. Macey Geoffrey P. Miller Mark L. Mitchell Jeffrey M. Netter

There is disagreement among financial economists about the meaning of efficiency, how to test for it and what the results of these tests mean.

Journal Article

Restrictions on Short Selling

January 1, 1989 - Jonathan R. Macey Mark L. Mitchell Jeffrey M. Netter

In this paper we review the theoretical and empirical evidence on both short sales and restrictions on short sales, concentrating on the uptick rule.