Description: Finance Theory and Asset Pricing, Hardcover by Milne, Frank, ISBN 0199261067, ISBN-13 9780199261062, Like New Used, Free P&P in the UK 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 multi-period 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.
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Book Title: Finance Theory and Asset Pricing
Number of Pages: 246 Pages
Publication Name: Finance Theory and Asset Pricing: Second Edition
Language: English
Publisher: Oxford University Press
Item Height: 224 mm
Subject: Economics, Finance
Publication Year: 2003
Type: Textbook
Item Weight: 421 g
Author: Frank Milne
Item Width: 141 mm
Format: Hardcover
