Economy. Physica A282:536-545, cond-mat/0002374. Bouchaud JP, Farmer JD, Lillo F, 2009. How markets slowly digest changes in supply and demand. In Handbook of Financial Markets: Dynamics and Evolution, ed. T Hens, KR Schenkhoppe, pp. 57-130. Amsterdam: Elsevier Bray A, Graham 3, Harvey C, Michaely R, 2005. Payout policy in the 21st century. Journ