General Equilibrium Foundations of Finance: Structure of Incomplete Markets Models

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The purpose of this book is to give a sound economic foundation of finance. Finance is a coherent branch of applied economics that is designed to understand financial markets in order to give advice for practical financial decisions. This book argues that for a sound economic foundation of finance the famous general equilibrium model which in its modern form emphasizes the incompleteness of financial markets is well suited. The aim of the book is to demonstrate that financial markets can be meaningfully embedded into a more ...

General Equilibrium Foundations of Finance: Structure of Incomplete Markets Models 2010, Springer-Verlag New York Inc., New York, NY

ISBN-13: 9781441953339

Paperback

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General Equilibrium Foundations of Finance: Structure of Incomplete Markets Models 2003, Springer, Boston, MA

ISBN-13: 9781402073373

2003 edition

Hardcover

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