Kurz (1997) proposes an appealing model of asset pricing that appears to be an interesting example of a conditional CAPM. In the Kurz model, agents develop a di

A collection of papers dealing with a broad range of topics in mathematical economics, game theory and economic dynamics. The contributions present both theoret

This paper introduces the concept of Rational Belief Equilibrium (RBE) as a basis for a new theory of asset pricing. Rational Beliefs are probability beliefs ab

In July of 1996, the conference Nonlinear Analysis and its Applications in Engineering and Economics took place on the Greek island of Samos, the birthplace of

This is a thoroughly updated edition of Dynamic Asset Pricing Theory, the standard text for doctoral students and researchers on the theory of asset pricing and