publication . Part of book or chapter of book . Article . 1975

the demand for risky assets

Friend, Irwin; Blume, Marshall E;
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  • Published: 01 Jan 1975
  • Publisher: Elsevier
Abstract
Publisher Summary This chapter discusses some extensions on the demand for risky assets. The research on capital asset pricing has until very recently been devoted almost exclusively to the interrelationships of the risk premiums among different risky assets rather than to the determinants of the market price of risk. Such research has also generally relied on theoretical preconceptions to determine the appropriate utility functions of individual investors upon which both the market price of risk and the pricing of individual risky assets depend. The chapter discusses the highlights of the theoretical and empirical analysis and their conclusions. Then, the same ...
Subjects
free text keywords: Capital market line, Financial economics, Financial risk management, Economics, Risk premium, Limit price, Security market line, Market risk, Risk-neutral measure, Mark to model, Microeconomics
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