State Preference and the Riskless Interest Rate: A Markov Model of Capital Markets

DOI10.2307/2297012zbMath0444.90020OpenAlexW2029372391MaRDI QIDQ3888801

Avraham Beja

Publication date: 1979

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297012

zbMATH Keywords

Markov modelcapital marketsexpectations hypothesisdefault free contractsriskless interest ratestate preferencestate preference measuretheory of capital markets

Mathematics Subject Classification ID

Trade models (91B60)

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