Theory Of Valuation (2nd Edition) - Hardcover

Hardcover

ISBN 10: 9812563741 ISBN 13: 9789812563743

Publisher: World Scientific Publishing Co Pte Ltd, 2005

Synopsis

The first edition of Theory of Valuation is a collection of important papers in the field of theoretical financial economics published from 1973 to 1986, and original accompanying essays contributed by eminent researchers including Robert C Merton, Edward C Prescott, Stephen A Ross, and Joseph E Stiglitz.Since then, with the perspective of major theoretical strides in the field, the book has more than fulfilled its original expectations. The realization that it remains today a compendium of classic articles and a must-read for any serious student in theoretical financial economics, has prompted the publication of a new edition.This second edition presents a summary statement of significant research in theoretical financial economics for both the specialist and non-specialist financial economist. It also provides material for PhD-level courses covering valuation theory, and elective reading for advanced Master's and undergraduate courses.In addition to reproducing the original contributions, this edition includes the seminal paper by Edward C Prescott and Rajnish Mehra, “Recursive Competitive Equilibrium: The Case of Homogeneous Households,” originally published in Econometrica in 1980.

About this title

Review

The volume is a reminder of the towering influence of Robert Merton and latterly Stephen Ross and their associates over the last two decades...it is a pleasure to see their and others' papers collected together in this volume, especially in paperback. The Economic Journal

About the Author

Sudipto Bhattacharya is a professor of finance at the University of Michigan. George Constantinides is a professor of finance at the Graduate School of Business, University of Chicago.

Edition details

• Publisher: World Scientific Publishing Co Pte Ltd
• Publication date: 2005
• Language: English
• ISBN 10: 9812563741
• ISBN 13: 9789812563743
• Binding: Hardcover
• Edition number: 2
• Number of pages: 388
• Editor: Bhattacharya Sudipto, Constantinides George Michael