The author explains modern asset pricing theory by starting from the fundamentals: endowments, preferences, and equilibrium. The conditions for aggression are studied in detail and the book covers very active fields of research as well, such as asset pricing with the heterogeneous agents for instance.In less than 300 pages of highly readable text, Yvan Lengwiler covers the basics of modern asset pricing theory. Students of advanced finance will want to use this book as an effective learning tool and reference.
|Title||:||Microfoundations of Financial Economics|
|Publisher||:||Princeton University Press - 2006-04-17|