1. Director's contribution was to apply statistics and price theory to judicial thinking. 2. His undergraduate textbook, " Price Theory and Applications ", went into seven editions. 3. Asset pricing theory builds on this analysis in the following way. 4. He remembers her teaching him micro-economics lessons, such as marginal cost price theory . 5. The arbitrage pricing theory ( APT ) similarly differs as regards its assumptions. 6. These statistical models have become essential tools of modern arbitrage pricing theory and practice. 7. These models include the arbitrage pricing theory and the modern portfolio theory families of models. 8. His research focused on option pricing theory , and he wrote an early book in the field. 9. Smith's Current research includes work on asset pricing theory and tests, the design of markets, and derivatives. 10. Berle theorized that the facts of economic concentration meant that the effects of competitive-price theory were largely mythical.
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