Equilibrium in CAPM without a Riskless Asset

DOI10.2307/2297384zbMath0692.90017OpenAlexW2001633842MaRDI QIDQ3035090

Lars Tyge Nielsen

Publication date: 1990

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297384

zbMATH Keywords

capital asset pricing model

Mathematics Subject Classification ID

Utility theory (91B16) General equilibrium theory (91B50)

Related Items (18)

Perspectives of Risk Sharing ⋮ Equilibrium in an ambiguity-averse mean-variance investors market ⋮ Capital market equilibrium with heterogeneous investors ⋮ Necessary conditions for the CAPM ⋮ FINANCIAL MARKETS WITH NO RISKLESS (SAFE) ASSET ⋮ Existence, uniqueness and determinacy of equilibrium in C. A. P. M. with a riskless asset ⋮ Capital market equilibrium without riskless assets: heterogeneous expectations ⋮ The two-fund separation theorem revisited ⋮ Equilibria in the capital market with non-homogeneous investors ⋮ Equilibria in the CAPM with non-tradeable endowments ⋮ EXISTENCE, UNIQUENESS, AND DETERMINACY OF A NONNEGATIVE EQUILIBRIUM PRICE VECTOR IN ASSET MARKETS WITH GENERAL UTILITY FUNCTIONS AND AN ELLIPTICAL DISTRIBUTION ⋮ Equilibrium theory with satiable and non-ordered preferences ⋮ Satiation and existence of competitive equilibrium ⋮ Existence of equilibrium in CAPM ⋮ How to discard non-satiation and free-disposal with paper money ⋮ Necessary and sufficient condition for the existence of a nonnegative equilibrium price vector in the capital market with short-selling ⋮ EXISTENCE OF A NONNEGATIVE EQUILIBRIUM PRICE VECTOR IN THE MEAN-VARIANCE CAPITAL MARKET ⋮ Pareto optima in incomplete financial markets

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