A Note on the Valuation of Stochastic Cash Flows (Classic Reprint)

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Excerpt from A Note on the Valuation of Stochastic Cash FlowsThe paper is pedagogical in nature since much of the analysis such as the existence, uniqueness and optimality of equilibrium has been developed earlier.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.