Kenneth J. Arrow, Stanford University; George C. Constantinides, University of Chicago; B. Espen Eckbo, Dartmouth College; Harry M. Markowitz, University of California, San Diego; Robert C. Merton, Harvard University; Stewart C. Myers, Massachusetts Institute of Technology; Paul A. Samuelson, Massachusetts Institute of Technology; and William F. Sharpe, Stanford University The Handbooks in Finance are intended to be a definitive source for comprehensive and accessible information. Each volume in the scries presents an accurate, self-contained survey of a subfield of finance, suitable for use by finance and economics professors and lecturers, professional researchers, and graduate students and as a teaching supplement. The goal is to have a broad group of outstanding volumes in various areas of finance.