Arbitrage and equilibrium with exchangeable risks

Aviad Heifetz; Enrico Minelli; Heracles M Polemarchakis

Arbitrage and equilibrium with exchangeable risks

Aviad Heifetz
, Enrico Minelli
, Heracles M Polemarchakis

Economics

Research output: Working paper

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.

Original language	American English
Place of Publication	Set Center for Advanced Studies in Economic Theory
Publisher	University of Milan
Number of pages	19
State	Published - 1999

Bibliographical note

Working Paper n. 06/00

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M3 - Working paper

BT - Arbitrage and equilibrium with exchangeable risks

PB - University of Milan

CY - Set Center for Advanced Studies in Economic Theory

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Arbitrage and equilibrium with exchangeable risks

Abstract

Bibliographical note

Access to Document

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