LEADER 04419nam 22007452 450 001 9910450390303321 005 20151014113853.0 010 $a1-107-12737-8 010 $a1-280-15995-2 010 $a0-511-75378-0 010 $a1-139-14671-8 010 $a0-511-11667-5 010 $a0-511-06581-7 010 $a0-511-05950-7 010 $a0-511-55588-1 010 $a0-511-06794-1 035 $a(CKB)1000000000017930 035 $a(EBL)218151 035 $a(OCoLC)70743972 035 $a(SSID)ssj0000227351 035 $a(PQKBManifestationID)11200550 035 $a(PQKBTitleCode)TC0000227351 035 $a(PQKBWorkID)10270025 035 $a(PQKB)11418851 035 $a(UkCbUP)CR9780511753787 035 $a(MiAaPQ)EBC218151 035 $a(Au-PeEL)EBL218151 035 $a(CaPaEBR)ebr10069059 035 $a(CaONFJC)MIL15995 035 $a(EXLCZ)991000000000017930 100 $a20100422d2001|||| uy| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aPrinciples of financial economics /$fStephen F. LeRoy, Jan Werner ; foreword by Stephen A. Ross$b[electronic resource] 210 1$aCambridge :$cCambridge University Press,$d2001. 215 $a1 online resource (xx, 280 pages) $cdigital, PDF file(s) 300 $aTitle from publisher's bibliographic system (viewed on 08 Oct 2015). 311 $a0-521-58605-4 311 $a0-521-58434-5 320 $aIncludes bibliographical references and index. 327 $aCover; Half-title; Title; Copyright; Contents; Foreword; Preface; Bibliography; 1 Equilibrium in Security Markets; 2 Linear Pricing; 3 Arbitrage and Positive Pricing; 4 Portfolio Restrictions; 5 Valuation; 6 State Prices and Risk-Neutral Probabilities; 7 Valuation under Portfolio Restrictions; 8 Expected Utility; 9 Risk Aversion; 10 Risk; 11 Optimal Portfolios with One Risky Security; 12 Comparative Statics of Optimal Portfolios; 13 Optimal Portfolios with Several Risky Securities; 14 Consumption-Based Security Pricing; 15 Complete Markets and Pareto-Optimal Allocations of Risk 327 $a16 Optimality in Incomplete Security Markets 17 The Expectations and Pricing Kernels; 18 The Mean-Variance Frontier Payoffs; 19 Capital Asset Pricing Model; 20 Factor Pricing; 21 Equilibrium in Multidate Security Markets; 22 Multidate Arbitrage and Positivity; 23 Dynamically Complete Markets; 24 Valuation; 25 Event Prices, Risk-Neutral Probabilities, and the Pricing Kernel; 26 Security Gains as Martingales; 27 Conditional Consumption-Based Security Pricing; 28 Conditional Beta Pricing and the CAPM; Index 330 $aFinancial economics, and the calculations of time and uncertainty derived from it, are playing an increasingly important role in non-finance areas, such as monetary and environmental economics. In this 2001 book, Professors Le Roy and Werner supply a rigorous yet accessible graduate-level introduction to this subfield of microeconomic theory and general equilibrium theory. Since students often find the link between financial economics and equilibrium theory hard to grasp, they devote less attention to purely financial topics such as calculation of derivatives, while aiming to make the connection explicit and clear in each stage of the exposition. Emphasis is placed on detailed study of two-date models, because almost all of the key ideas in financial economics can be developed in the two-date setting. In addition to rigorous analysis, substantial sections of discussion and examples are included to make the ideas readily understandable. 606 $aInvestments$xMathematical models 606 $aFinance$xMathematical models 606 $aEconomics$xMathematical models 606 $aSecurities$xPrices$xMathematical models 606 $aCapital market$xMathematical models 615 0$aInvestments$xMathematical models. 615 0$aFinance$xMathematical models. 615 0$aEconomics$xMathematical models. 615 0$aSecurities$xPrices$xMathematical models. 615 0$aCapital market$xMathematical models. 676 $a332 700 $aLeRoy$b Stephen F.$0464791 702 $aWerner$b Jan$f1955- 801 0$bUkCbUP 801 1$bUkCbUP 906 $aBOOK 912 $a9910450390303321 996 $aPrinciples of financial economics$92477611 997 $aUNINA