金融理論と資産価格決定(第2版)<br>Finance Theory and Asset Pricing : Second Edition (2ND)

個数:

金融理論と資産価格決定(第2版)
Finance Theory and Asset Pricing : Second Edition (2ND)

  • 提携先の海外書籍取次会社に在庫がございます。通常3週間で発送いたします。
    重要ご説明事項
    1. 納期遅延や、ご入手不能となる場合が若干ございます。
    2. 複数冊ご注文の場合、分割発送となる場合がございます。
    3. 美品のご指定は承りかねます。
  • 【入荷遅延について】
    世界情勢の影響により、海外からお取り寄せとなる洋書・洋古書の入荷が、表示している標準的な納期よりも遅延する場合がございます。
    おそれいりますが、あらかじめご了承くださいますようお願い申し上げます。
  • ◆画像の表紙や帯等は実物とは異なる場合があります。
  • ◆ウェブストアでの洋書販売価格は、弊社店舗等での販売価格とは異なります。
    また、洋書販売価格は、ご注文確定時点での日本円価格となります。
    ご注文確定後に、同じ洋書の販売価格が変動しても、それは反映されません。
  • 製本 Paperback:紙装版/ペーパーバック版/ページ数 246 p.
  • 言語 ENG
  • 商品コード 9780199261079
  • DDC分類 332.63222

基本説明

Assuming a basic knowledge of graduate microeconomic theory, it explores the fundamental ideas that underlie competitive financial asset pricing models with symmetric information.

Full Description

Finance Theory and Asset Pricing provides a concise guide to financial asset pricing theory for economists. 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, and representative agent pricing models; discusses these ideas in two-date and multi-date models; and provides a range of examples from the literature.

This second edition includes a new section dealing with more advanced multiperiod models. In particular it considers discrete factor structure models that mimic recent continuous time models of interest rates, money, and nominal rates and exchange rates. Additional sections sketch extensions to real options and transaction costs.

Contents

Introduction ; 1. A Brief History of Finance Theory ; PART I: THE ONE PERIOD MODEL ; 2. Two Date Models: Complete Markets ; 3. Incomplete Markets with Production ; 4. Arbitrage and Asset Pricing: Induced Preference Approach ; 5. Martingale Pricing Methods ; 6. Representative Consumers ; 7. Diversification and Asset Pricing ; PART II: THE BASIC MULTIPERIOD MODEL ; 8. Multiperiod Asset Pricing: Complete Markets ; 9. General Asset Pricing in Complete Markets ; 10. Multiperiod Asset Pricing: Incomplete Asset Markets ; PART III: THE GENERAL MULTIPERIOD MODEL ; 11. The General Model and Asset Price Characterization ; 12. Arbitrage and Discounting Formulae ; 13. Pareto Optimality ; 14. Orthonormal Bases, Factor Pricing, and Multi-Beta Asset Pricing ; 15. Idiosyncrasies that are Irrelevant for Security Pricing ; 16. Discrete Stochastic Integrals and Multiperiod Factor Pricing ; 17. Fiat Money as an Asset, Nominal Assets, and International Finance ; 18. Extensions to the Basic Model