Research on Asset Pricing Based on Asset Chains under Asymmetric Information

被引:0
|
作者
Wang, Fei [1 ]
Ning, Tongke [1 ]
机构
[1] Shanghai Normal Univ, Math & Sci Coll, Shanghai 200234, Peoples R China
关键词
Asymmetric information; Asset Chain; Equilibrium price; CAPITAL MARKET EQUILIBRIUM; MODEL; INVESTMENT; SELECTION; PRICES; RISK;
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
The paper focus on the asset pricing based on asset chains under asymmetric information and obtained the expression of Equilibrium price. We can get asset pricing based on capital chain from the expression, which can reduce the volatility of equilibrium price.
引用
收藏
页码:130 / 134
页数:5
相关论文
共 50 条
  • [31] The New Trends in Asset Pricing Research
    Hu Fang
    Chen Liwen
    [J]. PROCEEDINGS OF THE 5TH INTERNATIONAL SYMPOSIUM FOR CORPORATE GOVERNANCE, BOOKS 1 AND 2, 2009, : 806 - 812
  • [32] Asset pricing under the quadratic class
    Leippold, M
    Wu, LR
    [J]. JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 2002, 37 (02) : 271 - 295
  • [33] Asset pricing under optimal contracts
    Cvitanic, Jaksa
    Xing, Hao
    [J]. JOURNAL OF ECONOMIC THEORY, 2018, 173 : 142 - 180
  • [34] Behavioral Asset Pricing: Asset Pricing for Normal People
    Statman, Meir
    [J]. JOURNAL OF PORTFOLIO MANAGEMENT, 2017, 44 (01): : 5 - 9
  • [35] Information Aggregation with Asymmetric Asset Payoffs
    Albagli, Elias
    Hellwig, Christian
    Tsyvinski, Aleh
    [J]. JOURNAL OF FINANCE, 2024, 79 (04): : 2715 - 2758
  • [36] Asset pricing
    Frankfurter, George M.
    [J]. JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2006, 60 (04) : 603 - 608
  • [37] Asset pricing
    Ferson, W
    [J]. REVIEW OF FINANCIAL STUDIES, 2002, 15 (01): : 349 - 351
  • [38] FURTHER RESULTS ON ASSET PRICING WITH INCOMPLETE INFORMATION
    DETEMPLE, JB
    [J]. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 1991, 15 (03): : 425 - 453
  • [39] Network centrality, information diffusion and asset pricing
    Yu, Miao
    Hu, Xiaolu
    Zhong, Angel
    [J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2024, 93
  • [40] Information in asset pricing: a wave function approach
    ishio, Hiromu
    Haven, Emmanuel
    [J]. ANNALEN DER PHYSIK, 2009, 18 (01) : 33 - 44