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General Equilibrium Foundat...
The purpose of General Equilibrium Foundations of Finance 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. General Equilibrium Foundations of Finance should be easily accessible by advanced Ph. D. 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
Monografía
monografia Rebiun38456594 https://catalogo.rebiun.org/rebiun/record/Rebiun38456594 m o d cr mnu---uuaaa 130125s2002 mau ob 001 0 eng 934974948 1058152611 1086562241 9781475753172 electronic bk.) 1475753179 electronic bk.) 9781441953339 1441953337 1475753179 10.1007/978-1-4757-5317-2 doi AU@ 000051691437 AU@ 000065096561 NZ1 14989326 NZ1 15329600 AU@ 000067497084 DKDLA 820120-katalog:999914831805765 AU@ 000077599362 AU@ eng pn AU@ OCLCO GW5XE OCLCF COO OCLCQ EBLCP OCLCQ UAB OCLCQ LEAUB OCLCQ OCLCO OCLCQ OCLCO OCLCL KCA bicssc BUS069030 bisacsh KCA thema 330.1 23 Hens, Thorsten General Equilibrium Foundations of Finance Structure of Incomplete Markets Models by Thorsten Hens, Beate Pilgrim Boston, MA Springer US 2002 Boston, MA Boston, MA Springer US 1 online resource (xxvii, 299 pages) 1 online resource (xxvii, 299 pages) Text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Theory and Decision Library, Series C: Game Theory, Mathematical Programming and Operations Research 0924-6126 33 Includes bibliographical references and index List of Figures -- Preface -- Acknowledgements -- Introduction -- Part I: The General Equilibrium Model with Incomplete Markets -- 1. The Model and Some Fundamentals -- 2. Existence of Equilibria -- 3. Structure of GEI-Excess Demand -- 4. The Index-Theorem -- 5. Uniqueness in the Arrow Debreu Model -- 6. Uniqueness in the Finance GEI-Model -- Part II: The Capital Asset Pricing Model -- 7. The Model and Some Fundamentals -- 8. Existence of Equilibria -- 9. Market Demand Functions in the CAPM -- 10. Uniqueness of Equilibria in the CAPM -- Appendices: Mathematics. Assumptions. Main Results -- Index The purpose of General Equilibrium Foundations of Finance 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. General Equilibrium Foundations of Finance should be easily accessible by advanced Ph. D. 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 English Economics International economic relations Microeconomics Economics Économie politique Microéconomie economics. Economics. International economic relations. Microeconomics. Pilgrim, Beate Print version 9781441953339 Theory and decision library. Series C Game theory, mathematical programming, and operations research 33