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General Equilibrium Foundations of Finance: Structure of Incomplete Markets Models - Couverture rigide
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- ÉditeurSpringer-Verlag New York Inc.
- Date d'édition2003
- ISBN 10 1402073372
- ISBN 13 9781402073373
- ReliureRelié
- Nombre de pages299
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General Equilibrium Foundations of Finance: Structure of Incomplete Markets Models (Theory and Decision Library C, 33)
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Springer
(2003)
ISBN 10 : 1402073372
ISBN 13 : 9781402073373
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Description du livre Etat : New. N° de réf. du vendeur ABLIING23Mar2411530144643
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General Equilibrium Foundations of Finance : Structure of Incomplete Markets Models
Edité par
Springer
(2003)
ISBN 10 : 1402073372
ISBN 13 : 9781402073373
Neuf
Couverture rigide
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Description du livre Etat : New. PRINT ON DEMAND Book; New; Fast Shipping from the UK. No. book. N° de réf. du vendeur ria9781402073373_lsuk
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General Equilibrium Foundations of Finance
Edité par
Springer US Jan 2003
(2003)
ISBN 10 : 1402073372
ISBN 13 : 9781402073373
Neuf
Couverture rigide
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Description du livre 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 réf. du vendeur 9781402073373
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General Equilibrium Foundations of Finance
Edité par
Springer US
(2003)
ISBN 10 : 1402073372
ISBN 13 : 9781402073373
Neuf
Couverture rigide
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Description du livre 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 réf. du vendeur 4095010
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General Equilibrium Foundations of Finance
Edité par
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(2003)
ISBN 10 : 1402073372
ISBN 13 : 9781402073373
Neuf
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Description du livre Etat : New. pp. 332. N° de réf. du vendeur 26322807
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General Equilibrium Foundations of Finance : Structure of Incomplete Markets Models
Edité par
Springer US
(2003)
ISBN 10 : 1402073372
ISBN 13 : 9781402073373
Neuf
Couverture rigide
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Description du livre Buch. Etat : Neu. Druck auf Anfrage Neuware - Printed after ordering - 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. N° de réf. du vendeur 9781402073373
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EUR 164,03
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General Equilibrium Foundations of Finance
Edité par
Springer
(2003)
ISBN 10 : 1402073372
ISBN 13 : 9781402073373
Neuf
Couverture rigide
Quantité disponible : 4
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Description du livre Etat : New. Print on Demand pp. 332 52:B&W 6.14 x 9.21in or 234 x 156mm (Royal 8vo) Case Laminate on White w/Gloss Lam. N° de réf. du vendeur 7557928
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