Model of Static Portfolio Choices in an Arrow-Debreu Economy

Prof. Gabriela Victoria ANGHELACHE PhD.
Bucharest University of Economic Studies
Lect. Mădălina Gabriela ANGHEL PhD.
“Artifex” University of Bucharest
Gyorgy BODO Phd. Student
Bucharest University of Economic Studies

Abstract

The financial markets and the institutions which are operating in these markets are essential for the good functioning of any decentralised economy. Beside the simplest approach where there is no time dependence, and investment opportunities are limited only to bonds (risk-free assets) or stocks (risky assets) in a more complex economic model we can consider other investment opportunities too.

Key words: options, return, portfolio, result, asset

[Full Text]

Sumar RRS Supliment 1/2016