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Corporate finance 1. Theoretical Approaches 1.1. Corporate Finance in Arrow-Debreu world Complete market, perfect market, perfect competition, symmetric information, private consumption Risk: risk sharing, risk pooling, technology shocks, individual vs aggregate shocks Lucas(1978): existence of equilibrium asset price Merton: continuous-time pricing model
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8.1. Independent Firms The downstream firm's problem is max(a-bxc-wT The upstream firm's problem is max(a-2b)3-cr The output is 8.2. Integrated Firm Suppose now that the two firms merge into one firm. This firms problem is max(a-by)y
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香港科技大学《基础数学》讲义:基础几何学之二:向量,解析与球面几何
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香港中文大学:《Probability and Statistics for Engineers》课程教学资源(课件讲稿)Classical Statistical Inference
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香港中文大学:《Probability and Statistics for Engineers》课程教学资源(课件讲稿)Bayesian Statistical Inference
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香港中文大学:《Probability and Statistics for Engineers》课程教学资源(课件讲稿)Bayesian Statistical Inference
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香港中文大学:《Probability and Statistics for Engineers》课程教学资源(课件讲稿)Limit Theorems
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香港中文大学:《Probability and Statistics for Engineers》课程教学资源(课件讲稿)Limit Theorems
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香港中文大学:《Probability and Statistics for Engineers》课程教学资源(课件讲稿)General random variables
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香港中文大学:《Probability and Statistics for Engineers》课程教学资源(课件讲稿)Further Topics on Random Variables
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