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Capital Asset Pricing Model mit Konsumtion
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Innerhalb der Theorie des Kapitalmarkts entwickelte sich das sogenannte CAPM (Capital Asset Pricing Model) zu einem der wichtigsten Bewertungsmodelle fr Finanzkontrakte. Andreas Lffler betont bei der Analyse dieses Modells hauptschlich den gleichgewichtstheoretischen Aspekt - eine Sichtweise, die in der Literatur bisher vernachlssigt wurde. Er weist nach, da der in den 80er Jahren in der Praxis aufgetretene Size-Effekt auch theoretisch formulierbar ist und somit in die Theorie des CAPM integriert werden kann.
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