Details about Frank Milne

Homepage:	http://qed.econ.queensu.ca/faculty/milne/
Phone:	(613) 533 6494
Postal address:	Economics Dept. Queen's University Kingston Ontario K7L 3N6 Canada
Workplace:	Economics Department, Queen's University, (more information at EDIRC)

Access statistics for papers by Frank Milne.

Last updated 2024-11-06. Update your information in the RePEc Author Service.

Short-id: pmi154

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Working Papers

2023

1. Integration Of Wind Power into An Electricity System Using Pumped Storage: Economic Challenges and Stakeholder Impacts
   Development Discussion Papers, JDI Executive Programs
2. Renewable Energy Support Through Feed-in Tariffs: A Retrospective Stakeholder Analysis
   Working Paper, Economics Department, Queen's University
   Also in Development Discussion Papers, JDI Executive Programs (2023)
3. Rooftop Solar with Net Metering: An Integrated Investment Appraisal
   Development Discussion Papers, JDI Executive Programs
   Also in Working Paper, Economics Department, Queen's University (2022)
   See also Journal Article Rooftop solar with net metering: An integrated investment appraisal, Renewable and Sustainable Energy Reviews, Elsevier (2023) (2023)

2021

4. A Stakeholder Analysis of Investments in Wind Power Electricity Generation in Ontario
   Development Discussion Papers, JDI Executive Programs View citations (6)
   See also Journal Article A stakeholder analysis of investments in wind power electricity generation in Ontario, Energy Economics, Elsevier (2021) View citations (4) (2021)
5. Parallels Between Financial Regulation Prior to the Global Financial Crisis and Lack of Public Health Preparation Prior to Covid-19
   Working Paper, Economics Department, Queen's University View citations (1)
6. Public Health and Government Preparations For Future Pandemics
   Working Paper, Economics Department, Queen's University View citations (1)

2020

7. A stakeholder analysis of investments for wind power electricity generation in Ontario
   Working Paper, Economics Department, Queen's University
8. Covid-19 and the Lack of Public Health and Government Preparation
   Working Paper, Economics Department, Queen's University
9. Preparing for Future Pandemics: Stress Tests and Wargames
   Working Paper, Economics Department, Queen's University View citations (1)
10. The Displacement Impacts of Wind Power Electricity Generation: Costly Lessons from Ontario
    Working Paper, Economics Department, Queen's University View citations (2)
    Also in Development Discussion Papers, JDI Executive Programs (2020) View citations (2)
    See also Journal Article The displacement impacts of wind power electricity generation: Costly lessons from Ontario, Energy Policy, Elsevier (2021) View citations (5) (2021)

2019

11. Ontario Post-Secondary Education Funding Policies: Perverse Incentives and Unintended Consequences
    Working Paper, Economics Department, Queen's University View citations (1)

2018

12. Challenges To Higher Education In Canada And Australia
    Working Paper, Economics Department, Queen's University

2016

13. Complacency Is Really Dangerous: Three Great Economic Crises
    Working Paper, Economics Department, Queen's University
14. The Signaling Effect And Optimal Lolr Policy
    Working Paper, Economics Department, Queen's University View citations (3)
    Also in Working Papers, University of Guelph, Department of Economics and Finance (2016) View citations (2)
15. Unintended Consequences- Advice For Politicians And Policy Analysts
    Working Paper, Economics Department, Queen's University

2015

16. Central Bank Screening, Moral Hazard, and the Lender of Last Resort Policy
    Working Papers, University of Guelph, Department of Economics and Finance
    Also in Working Paper, Economics Department, Queen's University (2013)
    See also Journal Article Central bank screening, moral hazard, and the lender of last resort policy, Journal of Banking Regulation, Palgrave Macmillan (2022) (2022)

2013

17. Uncertainty In An Interconnected Financial System, Contagion, And Market Freezes
    Working Paper, Economics Department, Queen's University View citations (2)
    See also Journal Article Uncertainty in an Interconnected Financial System, Contagion, and Market Freezes, Journal of Money, Credit and Banking, Blackwell Publishing (2016) View citations (6) (2016)
18. Uncertainty in an Interconnected Financial System, Contagion
    Working Papers, University of Guelph, Department of Economics and Finance View citations (2)

2012

19. Economic Crises: The Impact On Australia And Canada
    Working Paper, Economics Department, Queen's University View citations (1)

2010

20. A Large Trader in Bubbles and Crashes: an Application to Currency Attacks
    Working Papers, University of Guelph, Department of Economics and Finance
21. Monitoring To Reduce Agency Costs: Examining The Behavior Of Independent And Non-independent Boards
    Working Paper, Economics Department, Queen's University View citations (1)

2008

22. Credit Crises, Risk Management Systems and Liquidity Modelling
    Working Papers, John Deutsch Institute for the Study of Economic Policy View citations (3)

2007

23. The Role Of Large Players In A Dynamic Currency Attack Game
    Working Paper, Economics Department, Queen's University

2006

24. Externalities, Monopoly and the Objective Function of the Firm
    Discussion Papers, University of Exeter, Department of Economics View citations (6)
    Also in Working Paper, Economics Department, Queen's University (2005) View citations (2)
    See also Journal Article Externalities, monopoly and the objective function of the firm, Economic Theory, Springer (2006) View citations (7) (2006)
25. Imperfect Competition And Corporate Governance
    Working Paper, Economics Department, Queen's University View citations (3)
    See also Journal Article Imperfect Competition and Corporate Governance, Journal of Public Economic Theory, Association for Public Economic Theory (2008) View citations (12) (2008)
26. Takeovers And Cooperatives
    Working Paper, Economics Department, Queen's University View citations (1)
27. Taxation And Transaction Costs In A General Equilibrium Asset Economy
    Working Paper, Economics Department, Queen's University
28. Voluntary Adoption Of Corporate Governance Mechanisms
    Working Paper, Economics Department, Queen's University View citations (10)

2005

29. Market distortions and corporate governance
    Discussion Papers, University of Exeter, Department of Economics

2003

30. A General Equilibrium Financial Asset Economy With Transaction Costs And Trading Constraints
    Working Paper, Economics Department, Queen's University View citations (10)

2002

31. Incomplete Diversification And Asset Pricing
    Working Paper, Economics Department, Queen's University
    Also in Working Paper, Economics Department, Queen's University (1992)
32. Monopoly Externalities and Non-Profit Maximising Firms
    Royal Economic Society Annual Conference 2002, Royal Economic Society

2001

33. The Australian Universities: A Study In Public Policy Failure
    Working Paper, Economics Department, Queen's University

1999

34. The Existence of Equilibrium in a Financial Market with Transaction Costs
    Working Paper, Economics Department, Queen's University View citations (6)
    Also in Working Paper, Economics Department, Queen's University (1996)
    See also Chapter THE EXISTENCE OF EQUILIBRIUM IN A FINANCIAL MARKET WITH TRANSACTION COSTS, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (1999) View citations (6) (1999)

1996

35. The Existence Of Equilibrium In A Financial Market With General Personal And Corporate Tax Structures
    Working Paper, Economics Department, Queen's University

1995

36. Standardized Variables and Optimal Risky Investment
    Working Paper, Economics Department, Queen's University

1994

37. Contingent Claims Valued And Hedged By Pricing And Investing In A Basis
    Working Paper, Economics Department, Queen's University View citations (64)
    See also Journal Article CONTINGENT CLAIMS VALUED AND HEDGED BY PRICING AND INVESTING IN A BASIS, Mathematical Finance, Wiley Blackwell (1994) View citations (65) (1994)
38. Induced Preferences and Decision-Making Under Risk and Uncertainty
    Working Paper, Economics Department, Queen's University View citations (1)
39. Standardized Variables, Risks and Preference
    Working Paper, Economics Department, Queen's University

1993

40. Dominance Relations Among Standardized Variable
    Working Paper, Economics Department, Queen's University
    See also Journal Article Dominance Relations Among Standardized Variables, Management Science, INFORMS (1994) View citations (10) (1994)

1992

41. Contingent Claims Valued and Hedged by Pricing and Investment in a Basis
    Working Paper, Economics Department, Queen's University View citations (8)
42. The Existence Of Equilibrium And The Objective Function Of The Firm
    Working Paper, Economics Department, Queen's University
43. The arbitrage Pricing Theorem with Non Expected Utility Preferences
    Working Paper, Economics Department, Queen's University
    Also in Working Papers, Australian National University - Department of Economics (1990)
    See also Journal Article The Arbitrage Pricing Theorem with Non-expected Utility Preferences, Journal of Economic Theory, Elsevier (1995) View citations (11) (1995)

1991

44. Option Pricing With V. G. Martingale Components
    Working Paper, Economics Department, Queen's University View citations (91)
45. The Dividend Puzzel and Tax
    Working Papers, Australian National University - Department of Economics

1990

46. NAIVE BAYESIAN LEARNING IN 2 X 2 MATRIX GAMES
    Working Papers, Tilburg - Center for Economic Research View citations (2)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (1990)
    Discussion Paper, Tilburg University, Center for Economic Research (1990)
    See also Journal Article Naive Bayesian learning in 2 x 2 matrix games, Journal of Economic Behavior & Organization, Elsevier (1993) View citations (4) (1993)
47. The Multinomial Option Pricing Model And Its Brownian And Poisson Limits
    Working Paper, Economics Department, Queen's University View citations (4)
    See also Journal Article The Multinomial Option Pricing Model and Its Brownian and Poisson Limits, The Review of Financial Studies, Society for Financial Studies (1989) View citations (24) (1989)

Journal Articles

2023

1. Rooftop solar with net metering: An integrated investment appraisal
   Renewable and Sustainable Energy Reviews, 2023, 188, (C)
   See also Working Paper Rooftop Solar with Net Metering: An Integrated Investment Appraisal, Development Discussion Papers (2023) (2023)

2022

2. Central bank screening, moral hazard, and the lender of last resort policy
   Journal of Banking Regulation, 2022, 23, (3), 244-264
   See also Working Paper Central Bank Screening, Moral Hazard, and the Lender of Last Resort Policy, Working Papers (2015) (2015)

2021

3. A stakeholder analysis of investments in wind power electricity generation in Ontario
   Energy Economics, 2021, 103, (C) View citations (4)
   See also Working Paper A Stakeholder Analysis of Investments in Wind Power Electricity Generation in Ontario, Development Discussion Papers (2021) View citations (6) (2021)
4. CHINA'S GRAND STRATEGY AND AUSTRALIA'S FUTURE IN THE NEW GLOBAL ORDER by Geoff Raby
   Economic Affairs, 2021, 41, (2), 340-342
5. The displacement impacts of wind power electricity generation: Costly lessons from Ontario
   Energy Policy, 2021, 152, (C) View citations (5)
   See also Working Paper The Displacement Impacts of Wind Power Electricity Generation: Costly Lessons from Ontario, Working Paper (2020) View citations (2) (2020)

2020

6. The LOLR Policy and its Signaling Effect in a Time of Crisis
   Journal of Financial Services Research, 2020, 57, (3), 231-252 View citations (3)

2018

7. Economics for the Common Good
   Quantitative Finance, 2018, 18, (7), 1087-1088

2016

8. Uncertainty in an Interconnected Financial System, Contagion, and Market Freezes
   Journal of Money, Credit and Banking, 2016, 48, (6), 1135-1168 View citations (6)
   See also Working Paper Uncertainty In An Interconnected Financial System, Contagion, And Market Freezes, Working Paper (2013) View citations (2) (2013)

2014

9. The role of a large trader in a dynamic currency attack model
   Journal of Financial Intermediation, 2014, 23, (4), 590-620

2011

10. Domestic and International Influences on Firm-Level Governance: Evidence from Canada
    American Law and Economics Review, 2011, 14, (1), 68-110

2010

11. Takeovers and cooperatives: governance and stability in non-corporate firms
    Journal of Economics, 2010, 99, (3), 193-209 View citations (3)

2009

12. The Complexities of Financial Risk Management and Systemic Risks
    Bank of Canada Review, 2009, 2009, (Summer), 15-30 View citations (2)

2008

13. Anatomy of the Credit Crisis: The role of Faulty Risk Management Systems
    C.D. Howe Institute Commentary, 2008, (269) View citations (10)
14. Imperfect Competition and Corporate Governance
    Journal of Public Economic Theory, 2008, 10, (6), 1115-1141 View citations (12)
    See also Working Paper Imperfect Competition And Corporate Governance, Working Paper (2006) View citations (3) (2006)

2006

15. Externalities, monopoly and the objective function of the firm
    Economic Theory, 2006, 29, (3), 565-589 View citations (7)
    See also Working Paper Externalities, Monopoly and the Objective Function of the Firm, Discussion Papers (2006) View citations (6) (2006)

2002

16. Strategic pricing of equity issues
    Economic Theory, 2002, 20, (2), 271-294 View citations (3)

1999

17. Induced Preferences, Nonadditive Beliefs, and Multiple Priors
    International Economic Review, 1999, 40, (2), 455-77 View citations (7)

1997

18. Induced Preferences, Dynamic Consistency and Dutch Books
    Economica, 1997, 64, (255), 471-481

1996

19. The existence of equilibrium in incomplete markets and the objective function of the firm
    Journal of Mathematical Economics, 1996, 25, (2), 229-245 View citations (50)

1995

20. The Arbitrage Pricing Theorem with Non-expected Utility Preferences
    Journal of Economic Theory, 1995, 65, (2), 557-574 View citations (11)
    See also Working Paper The arbitrage Pricing Theorem with Non Expected Utility Preferences, Working Paper (1992) (1992)

1994

21. CONTINGENT CLAIMS VALUED AND HEDGED BY PRICING AND INVESTING IN A BASIS
    Mathematical Finance, 1994, 4, (3), 223-245 View citations (65)
    See also Working Paper Contingent Claims Valued And Hedged By Pricing And Investing In A Basis, Working Paper (1994) View citations (64) (1994)
22. Dominance Relations Among Standardized Variables
    Management Science, 1994, 40, (10), 1343-1352 View citations (10)
    See also Working Paper Dominance Relations Among Standardized Variable, Working Paper (1993) (1993)

1993

23. Naive Bayesian learning in 2 x 2 matrix games
    Journal of Economic Behavior & Organization, 1993, 22, (1), 69-90 View citations (4)
    See also Working Paper NAIVE BAYESIAN LEARNING IN 2 X 2 MATRIX GAMES, Working Papers (1990) View citations (2) (1990)

1992

24. Tax Arbitrage, Existence of Equilibrium, and Bounded Tax Rebates1
    Mathematical Finance, 1992, 2, (3), 189-196 View citations (5)

1991

25. A Simple Approach to Interest-Rate Option Pricing
    The Review of Financial Studies, 1991, 4, (1), 87-120 View citations (41)
26. Option Pricing With V. G. Martingale Components1
    Mathematical Finance, 1991, 1, (4), 39-55 View citations (85)

1989

27. The Multinomial Option Pricing Model and Its Brownian and Poisson Limits
    The Review of Financial Studies, 1989, 2, (2), 251-65 View citations (24)
    See also Working Paper The Multinomial Option Pricing Model And Its Brownian And Poisson Limits, Working Paper (1990) View citations (4) (1990)

1988

28. A Microeconometric Model of the Demand for Health Care and Health Insurance in Australia
    The Review of Economic Studies, 1988, 55, (1), 85-106 View citations (232)
29. Arbitrage and Diversification in a General Equilibrium Asset Economy
    Econometrica, 1988, 56, (4), 815-40 View citations (7)

1987

30. Information and securities: A note on pareto dominance and the second best
    Journal of Economic Theory, 1987, 43, (2), 314-328 View citations (13)
31. The induced preference approach to arbitrage and diversification arguments in finance
    European Economic Review, 1987, 31, (1-2), 235-245 View citations (1)

1984

32. Clarifying Some Misconceptions About Stock Market Economies
    The Quarterly Journal of Economics, 1984, 99, (3), 615-627

1981

33. Induced preferences and the theory of the consumer
    Journal of Economic Theory, 1981, 24, (2), 205-217 View citations (3)
34. The firm's objective function as a collective choice problem
    Public Choice, 1981, 37, (3), 473-486 View citations (4)

1980

35. Capital Asset Pricing with Proportional Transaction Costs
    Journal of Financial and Quantitative Analysis, 1980, 15, (2), 253-266 View citations (5)
36. Short-Selling, Default Risk and the Existence of Equilibrium in a Securities Model
    International Economic Review, 1980, 21, (2), 255-67 View citations (21)

1979

37. Borrowing, Short-Sales, Consumer Default, and the Creation of New Assets
    Journal of Financial and Quantitative Analysis, 1979, 14, (2), 255-273
38. Consumer Preferences, Linear Demand Functions and Aggregation in Competitive Asset Markets
    The Review of Economic Studies, 1979, 46, (3), 407-417 View citations (10)
39. Private markets and production decisions
    Economics Letters, 1979, 4, (3), 201-209

1976

40. Default Risk in a General Equilibrium Asset Economy with Incomplete Markets
    International Economic Review, 1976, 17, (3), 613-25 View citations (8)

1975

41. Choice over asset economies: Default risk and corporate leverage
    Journal of Financial Economics, 1975, 2, (2), 165-185 View citations (3)

1974

42. Corporate Investment and Finance Theory in Competitive Equilibrium*
    The Economic Record, 1974, 50, (4), 511-533 View citations (3)

1972

43. Keynes, Harrod and the Fixprice Method
    The Economic Record, 1972, 48, (2), 232-242

Books

2003

1. Finance Theory and Asset Pricing: Second Edition
   OUP Catalogue, Oxford University Press View citations (3)

Chapters

1999

1. THE EXISTENCE OF EQUILIBRIUM IN A FINANCIAL MARKET WITH TRANSACTION COSTS
   Chapter 14 in Quantitative Analysis In Financial Markets Collected Papers of the New York University Mathematical Finance Seminar, 1999, pp 323-343 View citations (6)
   See also Working Paper The Existence of Equilibrium in a Financial Market with Transaction Costs, Economics Department, Queen's University (1999) View citations (6) (1999)