LIBROS DEL AUTOR: erik paul luders

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  • Economic Foundation of Asset Price Processes
    Erik Paul Lüders
    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...
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    134,65 €