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Abstract: On the Portfolio Effects of Nonmarketable Assets: Government Transfers and Human Capital Payments

Published online by Cambridge University Press:  19 October 2009

C. H. Rorke
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Extract

The prime purpose of the paper is to investigate the portfolio building implications of government transfers. Some general comments are also made with regard to human capital payments. As such this paper can be seen as a generalization and further simplification of the work by Mayers.

Type
VI. Portfolio Theory
Information
Journal of Financial and Quantitative Analysis , Volume 11 , Issue 4 , November 1976 , pp. 567
Copyright
Copyright © School of Business Administration, University of Washington 1976

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References

1 Mayers, David, “Non-Marketable Assets and Capital Market Equilibrium under Uncertainty” in Studies in the Theory of Capital Markets, ed. Jensen, Michael C., Praeger Publishers, New York, 1971, pp. 223–248.Google Scholar