Costis Skiadas

Theoretical Foundations of Asset Pricing

• Gebundenes Buch

Produktbeschreibung

This text provides an advanced introduction to the modeling of competitive financial markets, encompassing arbitrage and equilibrium pricing of financial contracts, as well as optimal lifetime consumption and portfolio choice. Notable features include its coverage of recursive utility in discrete and continuous time and several results not previously available in book form. Each chapter concludes with a set of exercises, with solutions available to verified instructors. Ideal as a graduate-level course text, this book can also serve as a valuable reference for researchers and finance industry practitioners. Readers with a finance focus can use the text to build analytical foundations for a significant component of the economics of financial markets, while readers with a mathematics focus will find a well-motivated introduction to basic tools of stochastic analysis and convex analysis.

Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 256
• Erscheinungstermin: 27. Januar 2025
• Englisch
• Abmessung: 235mm x 157mm x 18mm
• Gewicht: 526g
• ISBN-13: 9781009439039
• ISBN-10: 1009439030
• Artikelnr.: 70608811

Autorenporträt

Costis Skiadas is the Harold L. Stuart Professor of Finance at Northwestern University, where he has served as chairman of the Finance department. He has made research contributions on foundational aspects of the topics covered in this text. He previously authored 'Asset Pricing Theory' (2009).

Inhaltsangabe

Preface
1. Market and arbitrage pricing
2. Probabilistic methods in arbitrage pricing
3. Optimality and equilibrium pricing
Appendix A. Additive utility representations
Appendix B. Elements of convex analysis
Bibliography
Index.