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Titolo: Three Essays on Asset Pricing: A Bayesian ...
Casa editrice: VDM Verlag
Data di pubblicazione: 2008
Legatura: Brossura
Condizione: New
Da: Chiron Media, Wallingford, Regno Unito
Paperback. Condizione: New. Codice articolo 6666-IUK-9783639082906
Quantità: 10 disponibili
Da: Ria Christie Collections, Uxbridge, Regno Unito
Condizione: New. In. Codice articolo ria9783639082906_new
Quantità: Più di 20 disponibili
Da: PBShop.store UK, Fairford, GLOS, Regno Unito
PAP. Condizione: New. New Book. Delivered from our UK warehouse in 4 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Codice articolo L0-9783639082906
Quantità: Più di 20 disponibili
Da: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condizione: New. New Book. Shipped from UK. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Codice articolo L0-9783639082906
Quantità: Più di 20 disponibili
Da: moluna, Greven, Germania
Kartoniert / Broschiert. Condizione: New. This dissertation focuses on the consumption-basedasset pricing models developed by Lucas (1978). Thefirst chapter studies the effect of a change inaggregate risk on the prices of bonds and stocks. Adecomposition method of the dividend and discountrate effe. Codice articolo 4955817
Quantità: Più di 20 disponibili
Da: AHA-BUCH GmbH, Einbeck, Germania
Taschenbuch. Condizione: Neu. Neuware - This dissertation focuses on the consumption-basedasset pricing models developed by Lucas (1978). Thefirst chapter studies the effect of a change inaggregate risk on the prices of bonds and stocks. Adecomposition method of the dividend and discountrate effect is defined. Sufficient conditions onpreferences are specified such that an increase inrisk guarantees a fall in stock prices. In thesecond chapter, an empirical study examines whetherBayesian learning can help the Lucas-type modelspredict the low levels of short-term real interestrates in the US. The results show that parameteruncertainty alone cannot resolve the risk-free ratepuzzle. The learning process ends too rapidlyfor parameter uncertainty to play an important rolein affecting bond returns. The third chapterinvestigates whether the downturns of businesscycles have caused the falls of real interest rates.A standard Lucas-type model, with an added featurethat investors have to learn about the unobservablealternation of business cycles, is calibrated. Thesimulation technique of the Markov Chain Monte Carlois used to compute the real interest rates. Codice articolo 9783639082906
Quantità: 2 disponibili
Da: Mispah books, Redhill, SURRE, Regno Unito
Paperback. Condizione: Like New. Like New. book. Codice articolo ERICA77536390829076
Quantità: 1 disponibili