Finance Theory and Asset Pricing (Vienna Institute for Advanced Studies Lecture Notes) - Softcover

Milne, Frank

Softcover

ISBN 10: 0198773986 ISBN 13: 9780198773986

Publisher: Oxford University Press, 1995

Synopsis

This book provides a concise guide to financial asset pricing theory. Assuming a basic knowledge of graduate microeconomic theory, it explores the fundamental ideas that underlie competitive financial asset pricing models with symmetric information. Using finite dimensional techniques, this book avoids sophisticated mathematics and exploits economic theory to clarify the essential structure of recent research in asset pricing. In particular it explores arbitrage pricing models with and without diversification, Martingale pricing methods, representative agent pricing models; discusses these ideas in two date and multi-date models; and provides a range of examples from the literature.

About this title

About the Author

Frank Milne is at Queen's University.

Review

"The book successfully meets the overall objective of presenting an integrated view of arbitrage and equilibrium in asset pricing models. The main strengths of the present volume are its compactness and fairly wide coverage of the important concepts of financial markets."--Journal of Economic Literature

Edition details

• Publisher: Oxford University Press
• Publication date: 1995
• ISBN 10: 0198773986
• ISBN 13: 9780198773986
• Binding: Paperback
• Language: English
• Number of pages: 136