Security Markets: Stochastic Models (Economic Theory, Econometrics, and Mathematical Economics)

This is a graduate level work covering the economic principles of security markets. Interested readers include students and researchers in economics and finance, as well as financial analysts following the latest theoretical developments in capital asset pricing. This is an introduction to the theory of security markets, dealing principally with the allocational role and valuation of financial securities in a competitive setting. Darrell Duffie. Includes Indexes. Bibliography: P. 323-344.