Acharya, Viral V. (contributor); Bisin, Alberto (contributor) - 2002 - [Elektronische Ressource]
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Incomplete markets, Restricted participation, CAPM
J.E.L. Classification Code: G12, D52, D58
September 20022
1Acharya is at ….
Optimal Financial Integration and Security Design
Abstract
We study two-period pure-exchange Capital Asset Pricing Model (CAPM … Model (CAPM) economies in which financial markets
are incomplete, and traders’ participation in financial markets is …