The digital edition of all books may be viewed on our website before purchase. Excerpt from Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing
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EUR 1,09 expédition depuis Etats-Unis vers France
Destinations, frais et délaisVendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781334448485
Quantité disponible : 15 disponible(s)
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781334448485
Quantité disponible : 15 disponible(s)
Vendeur : Forgotten Books, London, Royaume-Uni
Paperback. Etat : New. Print on Demand. This book investigates an economic theory proposing that the inability to borrow against unpredictable future income may substantially affect an individual's risk-sharing and asset pricing behavior, particularly in relation to stock and bond investments. The author presents a thorough analysis of an economy in which individuals cannot write contracts contingent on future income realizations, demonstrating the impact of incomplete markets on the relationship between idiosyncratic and aggregate risks. Drawing upon historical data, the author constructs empirical models of individual income and dividends to calibrate the theoretical model, leading to valuable insights. The combination of theoretical and empirical approaches provides a comprehensive examination of the significance of incomplete markets in shaping investment decisions and the resulting fluctuations in asset prices. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781334448485_0
Quantité disponible : Plus de 20 disponibles