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Market demand functions in the capital asset pricing model.

A study was conducted to analyze market demand functions in the Capital Asset Pricing Model (CAPM). Findings indicate that Homogeneity, Walras' Law, and the Tobin Separation Property typify market demand on finite sets of prices. As a result, for any number n, there are CAPM economies that have at...

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Published in:Journal of Economic Theory Vol. 79; no. 2; pp. 192 - 207
Main Authors: Bottazzi, Jean-Marc, Hens, Thorsten, Löffler, Andreas
Format: Article
Published: Academic Press Inc. April 1998
Subjects:
Capital assets pricing model
Economic demand
Mathematical models
Online Access:View this record in EBSCOhost

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