Theoretical Foundations of Asset Pricing (Hardcover) (ISBN-13: 9781009439039)

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.

Author: Costis Skiadas
ISBN-10: 1009439030
ISBN-13: 9781009439039
Publisher: Cambridge University Press
Language: English
Published: 02/28/2025
Pages: 260
Format: Hardcover