Theoretical Foundations of Asset Pricing

Costis Skiadas (Northwestern University, Illinois)

$96.95

Hardback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Cambridge University Press
13 February 2025

Labour economics; Finance; Optimisation; Applied mathematics

This text provides an advanced introduction to the modeling of competitive financial markets, encompassing arbitrage and equilibrium pricing of financial contracts, as well as optimal lifetime consumption and portfolio choice. Notable features include its coverage of recursive utility in discrete and continuous time and several results not previously available in book form. Each chapter concludes with a set of exercises, with solutions available to verified instructors. Ideal as a graduate-level course text, this book can also serve as a valuable reference for researchers and finance industry practitioners.

Readers with a finance focus can use the text to build analytical foundations for a significant component of the economics of financial markets, while readers with a mathematics focus will find a well-motivated introduction to basic tools of stochastic analysis and convex analysis.

By: Costis Skiadas (Northwestern University Illinois)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Weight: 529g
ISBN: 9781009439039
ISBN 10: 1009439030
Pages: 256
Publication Date: 13 February 2025
Audience: College/higher education , Further / Higher Education
Format: Hardback
Publisher's Status: Active

Preface; 1. Market and arbitrage pricing; 2. Probabilistic methods in arbitrage pricing; 3. Optimality and equilibrium pricing; Appendix A. Additive utility representations; Appendix B. Elements of convex analysis; Bibliography; Index.

Costis Skiadas is the Harold L. Stuart Professor of Finance at Northwestern University, where he has served as chairman of the Finance department. He has made research contributions on foundational aspects of the topics covered in this text. He previously authored 'Asset Pricing Theory' (2009).

Reviews for Theoretical Foundations of Asset Pricing

'In this exceptionally beautiful treatment of neoclassical asset pricing theory, Skiadas has achieved what many others have only attempted: clarity, rigor, depth, elegance, and a judicious selection of topics. This is the clear go-to reference for doctoral students and researchers.' Darrell Duffie, Stanford University 'A clear, compact and in‐depth exposition of the basic tools and concepts of asset pricing theory. A must‐have for students seeking to master the tools and use them in applications.' Dimitri Vayanos, London School of Economics