Details about Steven P. Clark

Access statistics for papers by Steven P. Clark.

Last updated 2026-08-11. Update your information in the RePEc Author Service.

Short-id: pcl118

Working Papers

2005

1. Housing Development, Slow Growth Policies and Leviathan Government
   ERES, European Real Estate Society (ERES)

Journal Articles

2023

1. Option Pricing under a Generalized Black–Scholes Model with Stochastic Interest Rates, Stochastic Strings, and Lévy Jumps
   Mathematics, 2023, 12, (1), 1-39

2022

2. Pricing and Hedging Bond Power Exchange Options in a Stochastic String Term-Structure Model
   Risks, 2022, 10, (10), 1-17 View citations (1)

2021

3. A Real Options Model of Real Estate Development with Entitlement Risk
   Real Estate Economics, 2021, 49, (1), 106-151 View citations (3)

2019

4. Performance expectations of basic options strategies may be different than you think
   Journal of Asset Management, 2019, 20, (2), 91-102 View citations (3)

2018

5. A study of fractionally integrated time series using descriptive methods
   Applied Economics, 2018, 50, (2), 172-186
6. REGULATORY CAPTURE AND EFFICACY IN WORKERS’ COMPENSATION
   Journal of Risk & Insurance, 2018, 85, (3), 663-694 View citations (2)

2015

7. A Reduced-Form Model for Valuing Bonds with Make-Whole Call Provisions
   Applied Mathematical Finance, 2015, 22, (6), 499-521 View citations (2)

2011

8. Are U.S. stock prices mean reverting? Some new tests using fractional integration models with overlapping data and structural breaks
   Empirical Economics, 2011, 40, (2), 373-391 View citations (4)
9. Returns in trading versus non-trading hours: The difference is day and night
   Journal of Asset Management, 2011, 12, (2), 132-145 View citations (38)
10. Was there a U.S. house price bubble? An econometric analysis using national and regional panel data
    The Quarterly Review of Economics and Finance, 2011, 51, (2), 189-200 View citations (52)

2010

11. Diversification in the Financial Services Industry: The Effect of the Financial Modernization Act
    The B.E. Journal of Economic Analysis & Policy, 2010, 10, (1), 30 View citations (1)

2009

12. Trends, Cycles and Convergence in U.S. Regional House Prices
    The Journal of Real Estate Finance and Economics, 2009, 39, (3), 264-283 View citations (54)

2008

13. Land Development: Risk, Return and Risk Management
    The Journal of Real Estate Finance and Economics, 2008, 36, (1), 81-102 View citations (4)
14. Mean Reversion in Net Discount Ratios: A Study in the Context of Fractionally Integrated Models
    Journal of Risk & Insurance, 2008, 75, (1), 231-247

2007

15. Free Cash Flow and Managerial Entrenchment: A Continuous-Time Stochastic Control-Theoretic Model
    The B.E. Journal of Theoretical Economics, 2007, 7, (1), 34

2005

16. Options with Constant Underlying Elasticity in Strikes
    Review of Derivatives Research, 2005, 8, (2), 67-83 View citations (3)
17. Power exchange options
    Finance Research Letters, 2005, 2, (2), 97-106 View citations (10)