Book contents
- Frontmatter
- Contents
- Foreword
- Preface
- Part One Equilibrium and Arbitrage
- Part Two Valuation
- Part Three Risk
- Part Four Optimal Portfolios
- Part Five Equilibrium Prices and Allocations
- 14 Consumption-Based Security Pricing
- 15 Complete Markets and Pareto-Optimal Allocations of Risk
- 16 Optimality in Incomplete Security Markets
- Part Six Mean-Variance Analysis
- Part Seven Multidate Security Markets
- Part Eight Martingale Property of Security Prices
- Index
16 - Optimality in Incomplete Security Markets
Published online by Cambridge University Press: 05 September 2012
- Frontmatter
- Contents
- Foreword
- Preface
- Part One Equilibrium and Arbitrage
- Part Two Valuation
- Part Three Risk
- Part Four Optimal Portfolios
- Part Five Equilibrium Prices and Allocations
- 14 Consumption-Based Security Pricing
- 15 Complete Markets and Pareto-Optimal Allocations of Risk
- 16 Optimality in Incomplete Security Markets
- Part Six Mean-Variance Analysis
- Part Seven Multidate Security Markets
- Part Eight Martingale Property of Security Prices
- Index
Summary
![Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'](https://static.cambridge.org/content/id/urn%3Acambridge.org%3Aid%3Abook%3A9780511753787/resource/name/firstPage-9780511753787c16_p157-168_CBO.jpg)
- Type
- Chapter
- Information
- Principles of Financial Economics , pp. 157 - 168Publisher: Cambridge University PressPrint publication year: 2000