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Imperfect Information and Investor Heterogeneity in the Bond Market

By (author) Frank Riedel

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normal price: R 2 127.95

Price: R 1 915.95

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| book description |

Real world investors differ in their tastes and attitudes and they do not have, in general, perfect information about the future prospects of the economy. Most theoretical models, however, assume to the contrary that investors are homogeneous and perfectly informed about the market. In this book, an attempt is made to overcome these shortcomings. In three different case studies, the effect of heterogeneous time preferences, heterogeneous beliefs and imperfect information about the economy's growth on the term structure of interest rates are studied. The initial chapter gives an introduction to the theory of financial markets in continuous time under imperfect information and establishes the existence of an equilibrium with complete markets.

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Normally shipped | Available from overseas. Usually dispatched in 14 days
Publisher | Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Published date | 17 Nov 1999
Language |
Format | Paperback / softback
Pages | 118
Dimensions | 233 x 155 x 0mm (L x W x H)
Weight | 0g
ISBN | 978-3-7908-1247-3
Readership Age |
BISAC | business & economics / investments & securities

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Exiles: Times book of the month 'Stanley Kubrick meets MR James'

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Paperback / softback
224 pages
was: R 517.95
now: R 465.95
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Hardback
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was: R 450.95
now: R 405.95
Stock is usually dispatched in 6-12 days from date of order

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Hardback
192 pages
was: R 420.95
now: R 378.95
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Paperback / softback
320 pages

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An epic love story with the pulse of a thriller that asks: what would you risk for a second chance at first love?

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