Francis A. Longstaff

• [2008 RFS] 两棵树的寓言：当「i.i.d. 收益」撞上「卖不掉的股票」Two TreesJun 2026
• [2007 RFS] 捡硬币的人，真的站在压路机前面吗？Risk and Return in Fixed-Income Arbitrage: Nickels in Front of a Steamroller?Jun 2026
• [2004 JFE] 把股利从消费里「松绑」：一个让股权溢价大了六倍的小裂缝Corporate Earnings and the Equity PremiumJun 2026
• [2004 RFS] 明明是「稳赚」的套利，他却故意只做一半Losing Money on Arbitrage: Optimal Dynamic Portfolio Choice in Markets with Arbitrage OpportunitiesJun 2026
• [2003 JFE] 纸面上的百万富翁：一只「卖不掉」的股票，到底值多少钱？Paper Millionaires: How Valuable is Stock to a Stockholder Who is Restricted from Selling it?Jun 2026
• [2001 JFE] 扔掉十亿美元：当你用错了一把尺子去决定『何时行权』Throwing Away a Billion Dollars: The Cost of Suboptimal Exercise Strategies in the Swaptions MarketJun 2026
• [1992 JFE] 利率碰到「零」那一刻，债券到底值多少钱？Multiple Equilibria and Term Structure ModelsJun 2026
• [1989 JFE] 收益率曲线为什么总是「太规矩」？——给利率添上第二个平方根A Nonlinear General Equilibrium Model of the Term Structure of Interest RatesJun 2026