3 - Optimality and Equilibrium Pricing
Published online by Cambridge University Press: 06 February 2025
Summary
This chapter introduces competitive equilibrium pricing models and associated notions of optimality, as well as consumption–portfolio choice, using recursive utility in discrete and continuous time.
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- Information
- Theoretical Foundations of Asset Pricing , pp. 106 - 186Publisher: Cambridge University PressPrint publication year: 2025