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Can I read Economic Foundation of Asset Price Processes (ZEW Economic Studies, 24) on EtoBox?
Economic Foundation of Asset Price Processes (ZEW Economic Studies, 24) by Erik Paul Lüders is a business book available to read on EtoBox.
What is Economic Foundation of Asset Price Processes (ZEW Economic Studies, 24) about?
In this book the relation between the characteristics of investors' preferences and expectations and equilibrium asset price processes are analysed. It is shown that declining elasticity of the pricing kernel can lead to positive serial correlation of short term asset returns and negative serial correlation of long term returns. Analytical asset price processes are also derived. In contrast to the widely used "empirical" time-series models these processes do not lack a sound economic foundation.
Who reads Economic Foundation of Asset Price Processes (ZEW Economic Studies, 24)?
It is typically read by working professionals who need an authoritative practice reference.
Common subject areas: medicine, law, business, engineering.
- Author
- Erik Paul Lüders
- Publisher
- Physica-Verlag Heidelberg
- Published
- 2012
- Language
- EN
- ISBN
- 9783790826609
- Category
- business
- Subjects
- Mathematics, Business, Finance
- Updated
- 2026-03-25
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