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Grossman, Sanford J & Stiglitz, Joseph E, 1980. " On the Impossibility of Informationally Efficient Markets ," American Economic Review , American Economic …

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Grossman, Sanford J., An Analysis of the Implications for Stock and Futures Price Volatility of Program Trading and Dynamic Hedging Strategies (August 1987). NBER Working Paper No. w2357. Who Buys and Sells Options: The Role and Pricing of Options in an Economy with Background Risk.

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Sanford "Sandy" Jay Grossman (born July 21, 1953) is an American economist and hedge fund manager specializing in quantitative finance.Grossman’s research has spanned the analysis of information in securities markets, corporate structure, property rights, and optimal dynamic risk management.He has published widely in leading economic and business journals, including American …

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