Abstract
In an economy with a non - atomic measure space of assets and exchangeable
risks, the Arbitrage Pricing Theory (APT) holds exactly; and factors are structurally specified, which allows for an economic interpretation.
risks, the Arbitrage Pricing Theory (APT) holds exactly; and factors are structurally specified, which allows for an economic interpretation.
Original language | American English |
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Place of Publication | Set Center for Advanced Studies in Economic Theory |
Publisher | University of Milan |
Number of pages | 19 |
State | Published - 1999 |