Preface -- Notation -- Preliminaries -- Probability spaces and related structures -- Integration -- Absolute continuity, conditioning and independence -- Convergence of random variables -- The art of random sampling

Just as portfolio managers are seeking positive alpha, corporate investors are seeking Tobin's q larger than 1. The present paper develops a quantitative framework in which this process can be analyzed, and prescriptions for concrete financing decisions can be obtained. Specifically, we focus on...

The paper is concerned with the first and the second fundamental theorems of asset pricing in the case of non-exploding financial markets, in which the excess-returns from risky securities represent continuous semimartingales with absolutely continuous predictable characteristics. For such...

The paper is concerned with the class of models introduced by Bewley (1977, 1980, 1983) and with their extensions to models with shared risk and production. It was prompted by the accidental discovery that, if made more precise, the common computational strategy for such models fails to locate...