The Significance of the Market Portfolio
收藏NBER1997-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/t0209
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资源简介：
The market portfolio is in one sense the least important portfolio to provide to investors. In an J-agent one-period stochastic endowment economy, where preferences are quadratic, a social-welfare-minded contract designer would never create a contract that would allow trading the market portfolio.
提供机构：
美国国家经济研究局
创建时间：
1997-02-01
