General Equilibrium Foundations of Finance: Structure of Incomplete Markets Models - Couverture rigide

Livre 5 sur 12: Theory and Decision Library C

Hens, Thorsten ; Pilgrim, Beate

9781402073373: General Equilibrium Foundations of Finance: Structure of Incomplete Markets Models

Couverture rigide

ISBN 10 : 1402073372 ISBN 13 : 9781402073373

Editeur : Kluwer Academic Publishers, 2003

Afficher les exemplaires de cette �dition comportant l?ISBN

0 D'occasion

13 Neuf

De EUR 163,87

The purpose of this book is to give a sound economic foundation of finance. Finance is a coherent branch of applied economics that is designed to understand financial markets in order to give advice for practical financial decisions. This book argues that for a sound economic foundation of finance the famous general equilibrium model which in its modern form emphasizes the incompleteness of financial markets is well suited. The aim of the book is to demonstrate that financial markets can be meaningfully embedded into a more general system of markets including, for example, commodity markets. The interaction of these markets can be described via the well known notion of a competitive equilibrium. We argue that for a sound foundation this competitive equilibrium should be unique. In a first step we demonstrate that this essential goal cannot of be achieved based only on the rationality principle, i. e. on the assumption utility maximization of some utility function subject to the budget constraint. In particular we show that this important lack of structure is disturbing as well for the case of mean-variance utility functions which are the basis of the Capital Asset Pricing Model, one of the cornerstones of finance. The final goal of our book is to give reasonable restrictions on the agents' utility functions which lead to a well determined financial markets model.

Les informations fournies dans la section � Synopsis � peuvent faire r�f�rence � une autre �dition de ce titre.

� propos de l?auteur

Thorsten Hens, Ph.D. University of Bonn, is professor for financial economics at the institute for empirical research in economics at the University of Zurich. He has held positions in Bielefeld, Paris and Stanford and is currently also an adjunct professor at the Finance Department of the Norwegian Business School, NHH, in Bergen. Beate Pilgrim, Ph.D. University of Bielefeld, is currently working for Reuters AG, Frankfurt.

Les informations fournies dans la section � A propos du livre � peuvent faire r�f�rence � une autre �dition de ce titre.

�diteur: Kluwer Academic Publishers
Date d'�dition: 2003
Langue: anglais
ISBN 10: 1402073372
ISBN 13: 9781402073373
Reliure: Reli�
Nombre de pages: 326
Coordonn�es du fabricant: ProductSafety@springernature.com
ProductSafety@springernature.com

Poststr. 9
Darmstadt
64293
Allemagne

Autres �ditions populaires du m�me titre

9781441953339: General Equilibrium Foundations of Finance: Structure of Incomplete Markets Models

Edition pr�sent�e

ISBN 10 : 1441953337 ISBN 13 : 9781441953339
Editeur : Springer, 2010
Couverture souple

R�sultats de recherche pour General Equilibrium Foundations of Finance: Structure...

Image d'archives

General Equilibrium Foundations of Finance: Structure of Incomplete Markets Models (Theory and Decision Library C, 33)

Hens, Thorsten; Pilgrim, Beate

Edit� par Springer, 2003

ISBN 10 : 1402073372 ISBN 13 : 9781402073373

Neuf Couverture rigide

Vendeur : Ria Christie Collections, Uxbridge, Royaume-Uni

�valuation du vendeur 5 sur 5 �toiles

Etat : New. In. N� de r�f. du vendeur ria9781402073373_new

Contacter le vendeur

Acheter neuf

EUR 163,87

Exp�dition �EUR 13,83
Exp�dition depuis Royaume-Uni vers Etats-Unis

Quantit� disponible : Plus de 20 disponibles

Ajouter au panier

Image fournie par le vendeur

General Equilibrium Foundations of Finance

Beate Pilgrim

Edit� par Springer US Jan 2003, 2003

ISBN 10 : 1402073372 ISBN 13 : 9781402073373

Neuf Couverture rigide

impression � la demande

Vendeur : BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Allemagne

�valuation du vendeur 5 sur 5 �toiles

Buch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -The purpose of this book is to give a sound economic foundation of finance. Finance is a coherent branch of applied economics that is designed to understand financial markets in order to give advice for practical financial decisions. This book argues that for a sound economic foundation of finance the famous general equilibrium model which in its modern form emphasizes the incompleteness of financial markets is well suited. The aim of the book is to demonstrate that financial markets can be meaningfully embedded into a more general system of markets including, for example, commodity markets. The interaction of these markets can be described via the well known notion of a competitive equilibrium. We argue that for a sound foundation this competitive equilibrium should be unique. In a first step we demonstrate that this essential goal cannot of be achieved based only on the rationality principle, i. e. on the assumption utility maximization of some utility function subject to the budget constraint. In particular we show that this important lack of structure is disturbing as well for the case of mean-variance utility functions which are the basis of the Capital Asset Pricing Model, one of the cornerstones of finance. The final goal of our book is to give reasonable restrictions on the agents' utility functions which lead to a well determined financial markets model. 332 pp. Englisch. N� de r�f. du vendeur 9781402073373

Contacter le vendeur

Acheter neuf

EUR 160,49

Exp�dition �EUR 23
Exp�dition depuis Allemagne vers Etats-Unis

Quantit� disponible : 2 disponible(s)

Ajouter au panier

Image fournie par le vendeur

General Equilibrium Foundations of Finance

Thorsten Hens|Beate Pilgrim

Edit� par Springer US, 2003

ISBN 10 : 1402073372 ISBN 13 : 9781402073373

Neuf Couverture rigide

impression � la demande

Vendeur : moluna, Greven, Allemagne

�valuation du vendeur 5 sur 5 �toiles

Gebunden. Etat : New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Thorsten Hens, Ph.D. University of Bonn, is professor for financial economics at the institute for empirical research in economics at the University of Zurich. He has held positions in Bielefeld, Paris and Stanford and is currently also an adjunct . N� de r�f. du vendeur 4095010

Contacter le vendeur

Acheter neuf

EUR 136,16

Exp�dition �EUR 48,99
Exp�dition depuis Allemagne vers Etats-Unis

Quantit� disponible : Plus de 20 disponibles

Ajouter au panier

Image fournie par le vendeur

General Equilibrium Foundations of Finance

Thorsten Hens, Beate Pilgrim

Edit� par Kluwer Academic Publishers, US, 2003

ISBN 10 : 1402073372 ISBN 13 : 9781402073373

Neuf Couverture rigide

Vendeur : Rarewaves.com USA, London, LONDO, Royaume-Uni

�valuation du vendeur 5 sur 5 �toiles

Hardback. Etat : New. The purpose of this text is to give a sound economic foundation of finance based on the general equilibrium model with incomplete markets which embodies the famous CAPM as an important special case. This goal is achieved by giving reasonable restrictions on the agents' characteristics that lead to a well determined financial markets model having a unique competitive equilibrium. The innovation of this book is to transfer and to extend the theoretical results on the structure of competitive equilibria into the modern context of incomplete financial markets. The book should be easily accessible by advanced PhD students as well as by theorists of any subfield of mathematical economics. It should be interesting both for theorists who are looking for possible applications of rigorous theorizing as well as for practitioners who seek for a theoretical foundation of fruitful applications of financial markets' models. N� de r�f. du vendeur LU-9781402073373

Contacter le vendeur

Acheter neuf

EUR 205,32

Livraison gratuite
Exp�dition depuis Royaume-Uni vers Etats-Unis

Quantit� disponible : Plus de 20 disponibles

Ajouter au panier

Image fournie par le vendeur

General Equilibrium Foundations of Finance | Structure of Incomplete Markets Models

Beate Pilgrim (u. a.)

Edit� par Springer US, 2003

ISBN 10 : 1402073372 ISBN 13 : 9781402073373

Neuf Couverture rigide

impression � la demande

Vendeur : preigu, Osnabr�ck, Allemagne

�valuation du vendeur 5 sur 5 �toiles

Contacter le vendeur

Acheter neuf

EUR 141,20

Exp�dition �EUR 70
Exp�dition depuis Allemagne vers Etats-Unis

Quantit� disponible : 5 disponible(s)

Ajouter au panier

Image d'archives

General Equilibrium Foundations of Finance

Hens, Thorsten; Pilgrim, Beate

Edit� par Kluwer Academic Publishers, 2002

ISBN 10 : 1402073372 ISBN 13 : 9781402073373

Neuf Couverture rigide

Vendeur : Kennys Bookshop and Art Galleries Ltd., Galway, GY, Irlande

�valuation du vendeur 5 sur 5 �toiles

Etat : New. Gives an economic foundation of finance, based on the general equilibrium model with incomplete markets which embodies the CAPM as an important special case. This work achieves this goal by giving reasonable restrictions on the agents' characteristics that lead to a well determined financial markets model having a unique competitive equilibrium. Series: Theory and Decision Library C. Num Pages: 326 pages, 1 black & white illustrations, biography. BIC Classification: KCA; PBW. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 19. Weight in Grams: 642. . 2002. Hardback. . . . . N� de r�f. du vendeur V9781402073373

Contacter le vendeur

Acheter neuf

EUR 202,02

Exp�dition �EUR 10,50
Exp�dition depuis Irlande vers Etats-Unis

Quantit� disponible : 15 disponible(s)

Ajouter au panier

Image d'archives

General Equilibrium Foundations of Finance

Thorsten Hens Beate Pilgrim

Edit� par Springer, 2003

ISBN 10 : 1402073372 ISBN 13 : 9781402073373

Neuf Couverture rigide

Vendeur : Books Puddle, New York, NY, Etats-Unis

�valuation du vendeur 4 sur 5 �toiles

Etat : New. pp. 332. N� de r�f. du vendeur 26322807

Contacter le vendeur

Acheter neuf

EUR 210,13

Exp�dition �EUR 3,42
Exp�dition nationale�: Etats-Unis

Quantit� disponible : 4 disponible(s)

Ajouter au panier

Image fournie par le vendeur

General Equilibrium Foundations of Finance

Beate Pilgrim

Edit� par Springer US, Springer New York Jan 2003, 2003

ISBN 10 : 1402073372 ISBN 13 : 9781402073373

Neuf Couverture rigide

impression � la demande

Vendeur : buchversandmimpf2000, Emtmannsberg, BAYE, Allemagne

�valuation du vendeur 5 sur 5 �toiles

Buch. Etat : Neu. This item is printed on demand - Print on Demand Titel. Neuware -The purpose of this book is to give a sound economic foundation of finance. Finance is a coherent branch of applied economics that is designed to understand financial markets in order to give advice for practical financial decisions. This book argues that for a sound economic foundation of finance the famous general equilibrium model which in its modern form emphasizes the incompleteness of financial markets is well suited. The aim of the book is to demonstrate that financial markets can be meaningfully embedded into a more general system of markets including, for example, commodity markets. The interaction of these markets can be described via the well known notion of a competitive equilibrium. We argue that for a sound foundation this competitive equilibrium should be unique. In a first step we demonstrate that this essential goal cannot of be achieved based only on the rationality principle, i. e. on the assumption utility maximization of some utility function subject to the budget constraint. In particular we show that this important lack of structure is disturbing as well for the case of mean-variance utility functions which are the basis of the Capital Asset Pricing Model, one of the cornerstones of finance. The final goal of our book is to give reasonable restrictions on the agents' utility functions which lead to a well determined financial markets model.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 332 pp. Englisch. N� de r�f. du vendeur 9781402073373

Contacter le vendeur