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General Equilibrium Foundations of Finance
Hens, Thorsten; Pilgrim, Beate
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Description for General Equilibrium Foundations of Finance
Hardback. 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.
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 ... Read more
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 ... Read more
Product Details
Format
Hardback
Publication date
2002
Publisher
Kluwer Academic Publishers United States
Number of pages
326
Condition
New
Series
Theory and Decision Library C
Number of Pages
299
Place of Publication
New York, NY, United States
ISBN
9781402073373
SKU
V9781402073373
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Hens, Thorsten; Pilgrim, Beate
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 ... Read more
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