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Micro-foundation of Finance

Susheng Wang ()
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Susheng Wang: Hong Kong University of Science and Technology

Chapter Chapter 5 in Microeconomic Theory, 2018, pp 129-151 from Springer

Abstract: Abstract In this chapter, we look at financial markets. With complete and perfect markets, the models in this chapter are within the Arrow-Debreu world.

Keywords: Arrow-Debreu World; Multi-agent Economy; Security Market Equilibrium (SME); Consumption-based Capital Asset Pricing Model; Riskless Security (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-981-13-0041-7_5

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DOI: 10.1007/978-981-13-0041-7_5

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