التفاصيل البيبلوغرافية
| العنوان: |
A three-period extension of the CAPM. |
| المؤلفون: |
Habis, Helga |
| المصدر: |
Journal of Economic Studies; 2024, Vol. 51 Issue 9, p200-211, 12p |
| مصطلحات موضوعية: |
INTERTEMPORAL choice, BEHAVIORAL assessment, SOCIAL impact, CAPITAL assets pricing model, PRICES, BETA (Finance) |
| مستخلص: |
Purpose: Our result of this paper aims to indicate that the beta pricing formula could be applied in a long-term model setting as well. Design/methodology/approach: In this paper, we show that the capital asset pricing model can be derived from a three-period general equilibrium model. Findings: We show that our extended model yields a Pareto efficient outcome. Practical implications: The capital asset pricing model (CAPM) model can be used for pricing long-lived assets. Social implications: Long-term modelling and sustainability can be modelled in our setting. Originality/value: Our results were only known for two periods. The extension to 3 periods opens up a large scope of applicational possibilities in asset pricing, behavioural analysis and long-term efficiency. [ABSTRACT FROM AUTHOR] |
|
Copyright of Journal of Economic Studies is the property of Emerald Publishing Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| قاعدة البيانات: |
Complementary Index |
Full Text Finder