Capital Markets and Prices: Valuing Uncertain Income Streams
- ISBN-10
- 0444879315
- ISBN-13
- 9780444879318
- Category
- Business & Economics / General
- Pages
- 359
- Language
- English
- Published
- 1986
- Publisher
- North-Holland
- Author
- Clement G. Krouse
Description
This book deals with the valuation of income streams under conditions of uncertainty and will serve well both as an introduction and as an advanced treatment. Developments for a wide variety of market economies and tradeable instruments are unified using the general state preference framework. The topics are those usual in the theory of capital and financial economics. Readers are presumed to have a good foundation in microeconomic theory and basic mathematical skills.
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