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Viac informácií o knihe Economic Foundation of Asset Price Processes

• Parametre knihy
• Anotácia kniha
• Obľúbené z iného súdka

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Anotácia knihy

In this book the relation between the characteristics of investors' preferences and expectations and equilibrium asset price processes are analysed. It is shown that declining elasticity of the pricing kernel can lead to positive serial correlation of short term asset returns and negative serial correlation of long term returns. Analytical asset price processes are also derived. In contrast to the widely used "empirical" time-series models these processes do not lack a sound economic foundation. Moreover, in contrast to the popular Ornstein Uhlenbeck process and the Constant Elasticity of Variance model the proposed stochastic processes are consistent with a classical representative investor economy.§

Parametre knihy

• Celý názov: Economic Foundation of Asset Price Processes
• Autor: E. Lüders
• Jazyk: Angličtina
• Väzba: Brožovaná
• Počet strán: 121
• EAN: 9783790801491
• ISBN: 3790801496
• ID: 06997447
• Nakladateľ: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
• Hmotnosť: 206 g
• Rozmery: 232 × 157 × 8 mm
• Dátum vydania: 03. February 2004

Obľúbené z iného súdka

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