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Published online by Cambridge University Press: 27 February 2017
1 See Starrett Housing Corp. v. Iran, 16 Iran-U.S. Claims Tribunal Rep. 112 (1987 III).
2 658 F.2d 875 (2d Cir. 1981).
3 See, e.g., Black, Bidder Overpayment in Takeovers, 41 Stan. L. Rev. 597 (1989); Kraakman, Taking Discounts Seriously: The Implications of “Discounted” Share Prices as an Acquisition Motive, 88 Colum. L. Rev. 891 (1988).
4 See Baumol & Faulhaber, Economists as Innovators: Practical Products ofTheoretical Research, 26 J. Econ. Lit. 577, 584–85 (1988). Cf. Lee, What’s with the casino society?, Forbes, Sept. 22, 1986, at 150, 156 (quoting one academic as saying that the option-pricing formula developed by Fischer Black and Myron Scholes was “the most important discovery ever made in financial economics”). See also Hu, Swaps, The Modern Process of Financial Innovation and the Vulnerability of a Regulatory Paradigm, 138 U. Pa. L. Rev. 333 (1989) (describing, among other things, recent developments in financial theory).
5 See Brennan & Schwartz, A New Approach to Evaluating Natural Resource Investments, in The Revolution in Corporate Finance 78 (J. Stern & D. Chew eds. 1986); Brennan & Schwartz, Evaluating Natural Resource Investments, 58 J. Bus. 135 (1985).