Template-Type: ReDIF-Paper 1.0
Title: Existence and Uniqueness of Equilibria in the CAPM with a Riskless Asset
Author-Name: Torsten Hens
Author-Name: Andreas Löffler
Classification-JEL: G10, C62
Keywords: CAPM, uniqueness, existence, risk aversion
Abstract: In the standard CAPM with a riskless asset we prove existence of
 equilibria without assuming concavity of the investor's utility functions.
 Moreover, we give a uniqueness result using assumptions on the risk aversion
 of investors.
Series:	Sonderforschungsbereich 303, University of Bonn, Germany
Length: 13 pages
Creation-Date: 1995-12
Revision-Date: 
Handle: RePEc:bon:bonsfa:504