Skip to main content

Multiple-Periods Model

  • Chapter
  • First Online:
  • 4076 Accesses

Abstract

In the previous two chapters, we have restricted ourselves to the case of two time periods, one for investing and one for receiving payoffs. For many applications it is, however, necessary to allow for models with more than two time periods. In particular one can then study re-trading on the arrival of new information. Nevertheless we will see that many of the insights we have won for the two-period model will be useful also for multi-period models.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   74.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   99.00
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. R.E. Lucas Jr, Asset Prices in an Exchange Economy, Econometrica 46 (1978), no. 6, 1429–1445.

    Article  Google Scholar 

  2. G.M. Constantinides, Intertemporal Asset Pricing with Heterogeneous Consumers and Without Demand Aggregation, The Journal of Business 55 (1982), no. 2, 253–267.

    Article  Google Scholar 

  3. M. Chauvet and Z. Senyuz, A Joint Dynamic Bi-Factor Model of the Yield Curve and the Economy as a Predictor of Business Cycles.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Thorsten Hens .

Rights and permissions

Reprints and permissions

Copyright information

© 2007 Springer-Verlag Berlin Heidelberg

About this chapter

Cite this chapter

Hens, T., Rieger, M.O. (2007). Multiple-Periods Model. In: Financial Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-36148-0_5

Download citation

  • DOI: https://doi.org/10.1007/978-3-540-36148-0_5

  • Published:

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-36146-6

  • Online ISBN: 978-3-540-36148-0

  • eBook Packages: Business and EconomicsEconomics and Finance (R0)

Publish with us

Policies and ethics