Financial Economics: Essays in Honor of Paul CootnerWilliam F. Sharpe, Cathryn M. Cootner Aspects of models used in financial economics; Financial economics-theory and application; Issues in economics. |
Contents
Preface | 1 |
On the Mathematics and Economics Assumptions | 19 |
On the General Validity of the MeanVariance | 52 |
Copyright | |
10 other sections not shown
Common terms and phrases
after-tax analysis arbitrage assume assumption before-tax capital asset pricing capital gains capital market cash flows commodity conditional conditional expected consumption corporate cost coupons defined derived distribution equal equilibrium growth equilibrium prices example expected financial economics firm firm's futures prices growth theory Hence hold implies incentive income effect indifference curve individuals interest rate investment investors Itô's Lemma Journal of Financial Lemma market equilibrium market portfolio market price martingale mean-variance obtain option P₁ paper Paul Cootner payments period premium price changes probability problem Proof purchase random variable random walk rate of return rational rational expectations redemption restrictions result risk risk-averse riskless rate risky salary sample path savings bond security market security prices shares speculation Stiglitz stochastic stochastic differential equation stochastic process stock market tax brackets tax rules term Theorem Type III outcome uncertainty utility function variance vector wealth X₁ zero