Asset Markets and Investment Decisions.

In a incomplete asset market, firms compute the value of production plans by approximating them with the payoffs of portfolios of marketed assets; equivalently, by projecting their payoffs on the span of the payoffs of marketed assets; equivalently, they apply the capital asset pricing model.

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Year of publication:	1995
Authors:	Polemarchakis, H ; De Waegenaere, A ; Ventura, L
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	PRODUCTION \| ECONOMIC EQUILIBRIUM

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Series:	Papers.
Type of publication:	Book / Working Paper
Notes:	23 pages
Classification:	D52 - Incomplete Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005207642