Title: A Review of the Theory of Market Equilibrium
Abstract: Equilibrium theory is one of the important pillars of modern Financial Theory.Capital market is characterized by asymmetric market information,and is often in a disequilibrium state.Therefore,to adapt to such changes,equilibrium theory as applied to the capital market is developed from General Equilibrium Theory to General Equilibrium Theory for incomplete market,Rational Expectation Equilibrium and Nash Equilibrium Theory.
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: review
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