E-Book, Englisch, 228 Seiten, eBook
Bamberg / Spremann Capital Market Equilibria
Erscheinungsjahr 2012
ISBN: 978-3-642-70995-1
Verlag: Springer
Format: PDF
Kopierschutz: 1 - PDF Watermark
E-Book, Englisch, 228 Seiten, eBook
ISBN: 978-3-642-70995-1
Verlag: Springer
Format: PDF
Kopierschutz: 1 - PDF Watermark
Zielgruppe
Research
Autoren/Hrsg.
Weitere Infos & Material
Prologue.- 1. Equilibrium versus Market Imperfections.- 2. Questions and Answers.- The Hybrid Model and Related Approaches to Capital Market Equilibria.- 1. Introduction.- 2. Portfolio Models Based on Different Sets of Parameters.- 3. Rationale of the Hybrid Model.- 4. Applications of the Hybrid Model.- 5. Appendix.- References.- Portfolio Decisions and Capital Market Equilibria Under Incomplete Information.- 1. Introduction.- 2. Risk Situation with Regard to the Prior Parameters: A Two-Level Bayes Approach.- 3. Risk Situation with Regard to the Prior Parameters: Lin’s Approach.- 4. Partial Uncertainty with Regard to the Prior Parameters.- 5. Asset Pricing under Uncertainty.- References.- Option Valuation: Theory and Empirical Evidence.- 1. Introduction.- 2. Option Valuation Theory.- 3. Empirical Tests of Option Valuation.- 4. Appendix: Formulae for the Evaluation of European Calls.- References.- The Value of Security Agreements.- 1. A Survey of Credit Support Decision Models.- 2. Neoclassical Theory and Secured Debt.- 3. The Theory of Credit Support Decisions in the Light of the Economics of Information.- 4. A Scheme of Credit Contract Covenants.- 5. The Efficiency of Securing Debt.- 6. Appendix: Secured Debt and Uncertainty.- References.- Asset Pricing in a Small Economy: A Test of the Omitted Assets Model.- 1. Introduction.- 2. Portfolio Based Tests of Efficiency.- 3. Omitted Assets.- 4. The Data.- 5. Efficiency of the Canadian Market Index.- 6. Tests of the Omitted Assets Hypothesis.- Appendix: Iterative Maximum Likelihood Procedure.- References.- The Simple Analytics of Arbitrage.- 1. General Equilibrium, Modern Finance, and Arbitrage Theory.- 2. An Example, its Generalization, and the Question.- 3. Arbitrage versus Equilibrium.- 4. Derivative Contracts inComplete Capital Markets.- References.- About Contributors.- Author Index.
