Overview
This book provides a concise guide to financial asset pricing theory. Assuming a basic knowledge of graduate microeconomic theory, it explores the fundamental ideas that underlie competitive financial asset pricing models with symmetric information. Using finite dimensional techniques, this book avoids sophisticated mathematics and exploits economic theory to clarify the essential structure of recent research in asset pricing. In particular it explores arbitrage pricing models with and without diversification, Martingale pricing methods, representative agent pricing models; discusses these ideas in two date and multi-date models; and provides a range of examples from the literature.
Full Product Details
Author: Frank Milne
Publisher: Oxford University Press
Imprint: Clarendon Press
Dimensions:
Width: 13.80cm
, Height: 1.10cm
, Length: 21.60cm
Weight: 0.190kg
ISBN: 9780198773986
ISBN 10: 0198773986
Pages: 134
Publication Date: 01 April 1995
Audience:
College/higher education
,
Professional and scholarly
,
Postgraduate, Research & Scholarly
,
Professional & Vocational
Format: Paperback
Publisher's Status: Active
Availability: To order
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Reviews
<br> The book successfully meets the overall objective of presenting an integrated view of arbitrage and equilibrium in asset pricing models. The main strengths of the present volume are its compactness and fairly wide coverage of the important concepts of financial markets. --Journal of Economic Literature<br>
The book successfully meets the overall objective of presenting an integrated view of arbitrage and equilibrium in asset pricing models. The main strengths of the present volume are its compactness and fairly wide coverage of the important concepts of financial markets. --Journal of Economic Literature The book successfully meets the overall objective of presenting an integrated view of arbitrage and equilibrium in asset pricing models. The main strengths of the present volume are its compactness and fairly wide coverage of the important concepts of financial markets. --Journal of Economic Literature The book successfully meets the overall objective of presenting an integrated view of arbitrage and equilibrium in asset pricing models. The main strengths of the present volume are its compactness and fairly wide coverage of the important concepts of financial markets. --Journal of Economic Literature The book successfully meets the overall objective of presenting an integrated view of arbitrage and equilibrium in asset pricing models. The main strengths of the present volume are its compactness and fairly wide coverage of the important concepts of financial markets. --Journal of Economic Literature
The book successfully meets the overall objective of presenting an integrated view of arbitrage and equilibrium in asset pricing models. The main strengths of the present volume are its compactness and fairly wide coverage of the important concepts of financial markets. --Journal of Economic Literature<br>
