Essays On Asset Pricing In Production Economies PDF Download
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Author | : Andrew Yeh-Chi Chen |
Publisher | : |
Total Pages | : 162 |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Essays on Asset Pricing in Production Economies Book in PDF, ePub and Kindle
Chapter 3 examines general restrictions on production technologies implied by asset prices. It shows that representative firm models which are consistent with asset price data require either large capital adjustment costs, or volatile investment-specific technology shocks. These restrictions hold regardless of preferences, beliefs, operating leverage, or the completeness of asset markets. The restrictions summarize the sense in which asset prices are anomalous with respect to the theory of optimal investment.
Author | : Christian Funke |
Publisher | : Springer Science & Business Media |
Total Pages | : 123 |
Release | : 2008-09-15 |
Genre | : Business & Economics |
ISBN | : 3834998141 |
Download Selected Essays in Empirical Asset Pricing Book in PDF, ePub and Kindle
Christian Funke aims at developing a better understanding of a central asset pricing issue: the stock price discovery process in capital markets. Using U.S. capital market data, he investigates the importance of mergers and acquisitions (M&A) for stock prices and examines economic links between customer and supplier firms. The empirical investigations document return predictability and show that capital markets are not perfectly efficient.
Author | : Sumru Altug |
Publisher | : Cambridge University Press |
Total Pages | : 686 |
Release | : 2008-09-11 |
Genre | : Business & Economics |
ISBN | : 1139474367 |
Download Asset Pricing for Dynamic Economies Book in PDF, ePub and Kindle
This introduction to general equilibrium modelling takes an integrated approach to the analysis of macroeconomics and finance. It provides students, practitioners, and policymakers with an easily accessible set of tools that can be used to analyze a wide range of economic phenomena. Key features: • Provides a consistent framework for understanding dynamic economic models • Introduces key concepts in finance in a discrete time setting • Develops simple recursive approach for analyzing a variety of problems in a dynamic, stochastic environment • Sequentially builds up the analysis of consumption, production, and investment models to study their implications for allocations and asset prices • Reviews business cycle analysis and the business cycle implications of monetary and international models • Covers latest research on asset pricing in overlapping generations models and on models with borrowing constraints and transaction costs • Includes end-of-chapter exercises allowing readers to monitor their understanding of each topic Online resources are available at www.cambridge.org/altug_labadie
Author | : Nam Gang Lee |
Publisher | : |
Total Pages | : 133 |
Release | : 2018 |
Genre | : Business cycles |
ISBN | : |
Download Essays on Productivity Risks in Asset Pricing Book in PDF, ePub and Kindle
This dissertation analyzes the effect of productivity risk on economic fluctuations and asset prices in a production economy. My analysis is based on the direct estimation of various specifications regarding productivity, a key driver of fluctuations in macro quantities and asset prices, and seeks to avoid being the error of reverse-engineering the exogenous productivity process to match asset-pricing data.
Author | : Andreas Stathopoulos |
Publisher | : |
Total Pages | : 0 |
Release | : 2010 |
Genre | : |
ISBN | : |
Download Essays on asset pricing in open economies Book in PDF, ePub and Kindle
Author | : Vassilios Dimitrakas |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : |
ISBN | : |
Download Essays in asset pricing and information economics Book in PDF, ePub and Kindle
Author | : Serena Frazzoni |
Publisher | : |
Total Pages | : 77 |
Release | : 2006 |
Genre | : |
ISBN | : |
Download Essays in Asset Pricing Anomalies Book in PDF, ePub and Kindle
Author | : Tae-Jin Kang |
Publisher | : |
Total Pages | : 174 |
Release | : 1991 |
Genre | : |
ISBN | : |
Download Three Essays on Asset Pricing Model with Heterogenous Agents Book in PDF, ePub and Kindle
Author | : Jie Bai |
Publisher | : |
Total Pages | : 232 |
Release | : 2008 |
Genre | : Stocks |
ISBN | : |
Download Essays on Economic Fundamentals in Asset Pricing Book in PDF, ePub and Kindle
Author | : Marcelo Mello |
Publisher | : |
Total Pages | : 238 |
Release | : 2002 |
Genre | : |
ISBN | : |
Download Essays in Economic Growth and Asset Pricing Book in PDF, ePub and Kindle