Buy Textbooks  |  Rent Textbooks  |  Sell Textbooks  |  eTextbooks
Help  |  Questions? 1-877-292-6442
Hello, Sign In
Your Account
0

Asset Pricing - rev edition

Asset Pricing (ISBN10: 0691121370; ISBN13: 9780691121376)
ISBN13: 978-0691121376
ISBN10: 0691121370

Summary: Every day, the financial markets bravely price trillions of dollars in such risky securities as stocks, bonds, options, futures, and derivatives. The systematic determination of their values--asset pricing--has developed dramatically in the last few years due to advances in financial theory and econometrics. In one of the most highly anticipated books in financial economics, John Cochrane unifies and brings this science up to date for the benefit of advanced students ...show more and professionals.

Cochrane traces the pricing of all assets back to a single idea--price equals expected discounted payoff--that captures the macroeconomic risks underlying each security's value. By using a single, stochastic discount factor rather than a separate set of tricks for each asset class, Cochrane builds a unified account of modern asset pricing. He presents applications to stocks, bonds, and options. Each model--consumption-based, CAPM, multifactor, term structure, and option pricing--is derived as a different specification of the discount factor.

The discount factor framework also leads to a state-space geometry for mean-variance frontiers and asset pricing models. It puts payoffs in different states of nature on the axes rather than mean and variance of return, leading to a new and conveniently linear geometrical representation of asset pricing ideas.

Cochrane approaches empirical work with the Generalized Method of Moments, which studies sample average prices and discounted payoffs to determine whether price does equal expected discounted payoff. He translates between the discount factor, GMM, and state-space language and the beta, mean-variance, and regression language common in empirical work and earlier theory. The book also includes a review of recent empirical work on return predictability, value and other puzzles in the cross section, and equity premium puzzles and their resolution.

Written to be a summary for academics and professionals as well as a textbook for advanced graduate students, this book condenses and advances recent scholarship in financial economics. ...show less

Edition/Copyright: REV 05
Cover: Hardback
Publisher: Princeton University Press
Published: 01/03/2005
International: No



List Price: $110.00
Used $55.00
New $82.50
Rental $69.49
Due back 12/19/2014
Rental
Save $40.51 (37%)
  • Free return shipping
  • In stock
  • 21-day satisfaction guarantee
CDs or access codes may not be included
Marketplace sellers starting at $39.20

24 more offers below.

The Marketplace on Textbooks.com
Additional Sellers for Asset Pricing
Just for you, we curate a growing list of independent booksellers, giving you even MORE choices when shopping for your textbooks.
Keep in mind: Marketplace orders do NOT qualify for free shipping. More about the MarketplaceMore about the Marketplace

Filter by:   All (24)  |  New (10)  |  Like New (2)  |  Very Good (3)  |  Good (6)  |  Acceptable (3)

Price
 
Condition
Seller
Comments
$55.00
FREE! s/h

Very Good
Textbooks.com
Columbia, MO
Ships Ground DIRECTLY from Textbooks.com for FREE! Very good condition (Certified Used). Trackable expedited shipping options available.
$82.50
FREE! s/h

New
Textbooks.com
Columbia, MO
Ships DIRECTLY from Textbooks.com for FREE! Brand new book. Trackable expedited shipping options available.
$103.18
+$3.99 s/h
Add marketplace to your cart
New
Barnes & Noble.com
Various Shipping Locations, USA
Seller Rating: 5
Brand new, ships from the closest shipping location to your shipping address!
$39.20
+$3.99 s/h
Add marketplace to your cart
New
nationalbooks
long island city, NY
Seller Rating: 4.63
New - excellent, clean condition *** hard bound *** Princeton University Press
$47.67
+$3.99 s/h
Add marketplace to your cart
VeryGood
Penntext
Downingtown, PA
Seller Rating: 4.38
Excellent Condition. No wear/tear. Please contact us if you have any Questions.
$50.92
+$3.99 s/h
Add marketplace to your cart
New
GreatBookPrices
Westminster, MD
Seller Rating: 4.2
Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
$52.97
+$3.99 s/h
Add marketplace to your cart
Acceptable
GreatBookPrices
Westminster, MD
Seller Rating: 4.2
Used, Acceptable Condition, may show signs of wear and previous use. Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
$52.97
+$3.99 s/h
Add marketplace to your cart
LikeNew
GreatBookPrices
Westminster, MD
Seller Rating: 4.2
Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
$52.98
+$3.99 s/h
Add marketplace to your cart
LikeNew
Labyrinthbooks
Pennington, NJ
Seller Rating: 4.72
0691121370
$55.00
+$3.99 s/h
Add marketplace to your cart
VeryGood
Textbookcenter.com
Columbia, MO
Seller Rating: 4.63
Ships same day or next business day via UPS (Priority Mail for AK/HI/APO/PO Boxes)! Used sticker and some writing and/or highlighting. Used books may not include working access code or dust jacket.
$56.71
+$3.99 s/h
Add marketplace to your cart
New
EuroBooks
Horcott Rd, Fairford,
Seller Rating: 4.4
New Book. Shipped from UK within 4 to 14 business days. Established seller since 2000.
$58.75
+$3.99 s/h
Add marketplace to your cart
New
German Books Etc
Fairford, 00
Seller Rating: 4.04
New Book from multilingual publisher. Shipped from UK within 4 to 14 business days. Please check language within??the description. Established seller since 2000.
$58.97
+$3.99 s/h
Add marketplace to your cart
Good
Firehouse Liquidation
Vancouver, WA
Seller Rating: 4.47
Ships next business day! May NOT include supplemental materials such as CDs and access codes. May include some highlighting or writing.
Page:   1     2     3     |   Next >
Close
Close
Close