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Lecture 3: Arrow-Debreu Economy

Lecture 3: Arrow-Debreu Economy. The following topics are covered: Arrow-Debreu securities Optimal portfolios of Arrow Debreu securities How Arrow-Debreu securities differ framework differs from the standard utility maximization? Implications in asset pricing Example. Arrow-Debreu Assets.

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Example l3 - PowerPoint PPT Presentation

Lecture 3: Arrow-Debreu Economy