Download or read book The Re sale Premium for Assets in General Equilibrium written by Stephen E. Morris and published by . This book was released on 1992 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book General equilibrium continuous time asset pricing in the presence of 1 portfolio insurers and 2 non price taking investors written by Suleyman Basak and published by . This book was released on 1993 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book General Equilibrium Asset Pricing Under Regime Switching written by Robert J. Elliott and published by . This book was released on 2018 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we have developed a continuous time general equilibrium model in an economy which has two states, a 'good' state and a 'bad' state. There are two types of shocks in the economy: small shocks and large shocks. The small shocks which only affect the individual price movements are modeled by Brownian motions. The large shocks, the states of the economy, are modeled by a continuous time Markov Chain. There are one riskless assets, n basic risky assets and contingent claims written on the risky assets in the market. The states of the economy affect the expected returns and the variances of the assets. We assume in different states, the means and variances of the instantaneous returns are different. We then investigate the asset pricing problem in general equilibrium with a representative agent who maximizes a cost function. Based on the assumption of a CRRA utility function, we have derived a partial differential equation satisfied by the representative agent's cost function. A form of the solution of the partial differential equation has been given in general equilibrium with intermediate consumption. In the case when the representative agent doesn't have intermediate consumption, we have found an explicit solution of the cost function. A closed-form expression for the riskless interest rate has been derived. We have also provided a partial differential equation satisfied by any contingent claim written on basic risky asset. The stochastic discount factor has been defined and computed in our framework. Based on the stochastic discount factor, we have provided an explanation for the equity premium puzzle.

Download or read book General Equilibrium in Asset Markets with Or Without Short selling written by Rose-Anne Dana and published by . This book was released on 1994 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Classification of Income Profit and Loss and General Balance Sheet Accounts for Steam Roads Prescribed by the Interstate Commerce Commission in Accordance with Section 20 of the Act to Regulate Commerce written by United States. Interstate Commerce Commission and published by . This book was released on 1914 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Markets and the Real Economy written by John H. Cochrane and published by Now Publishers Inc. This book was released on 2005 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Markets and the Real Economy reviews the current academic literature on the macroeconomics of finance.

Download or read book Risk Dominance and Stochastic Potential written by Stephen E. Morris and published by . This book was released on 1993 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Prices of Risky Assets in General Equilibrium written by William John Heaney and published by . This book was released on 1977 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Note on the Incentives to Agglomerate Under Demand Uncertainty written by Rafael Rob and published by . This book was released on 1993 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Uniform System of Accounts for Steam Railroads written by United States. Interstate Commerce Commission and published by . This book was released on 1949 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Endogenous Rate of Time Preference the Penrose Effect and Dynamic Optimality of Environmental Quality written by Hirofumi Uzawa and published by . This book was released on 1993 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Evolution and Rationalizability written by Akihiko Matsui and published by . This book was released on 1993 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Federal Register written by and published by . This book was released on 1977 with total page 1804 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Constrained Suboptimality in Incomplete Markets written by Alessandro Citanna and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Utility Corporations written by United States. Federal Trade Commission and published by . This book was released on 1933 with total page 1620 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Code of Federal Regulations of the United States of America Having General Applicability and Legal Effect in Force June 1 1938 written by and published by . This book was released on 1939 with total page 1358 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Code of federal regulations is the codification of the general and permanent rules published in the Federal register by the executive departments and agencies of the federal government.

Download or read book Buyers and Sellers written by Kenneth Burdett and published by . This book was released on 1993 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: