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The Asset Pricing System

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DOI: 10.4236/me.2012.35062    4,162 Downloads   6,455 Views   Citations
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ABSTRACT

Mainstream asset pricing models are all inappropriate when they consistently insist on applying one single model to deal with a reality filled with different aspects of asset pricing. In addition, those models also treat the right environ-ment variable too lightly hence can not rightly do the job of asset pricing. In this study, based on the portfolio theory and the principle of supply and demand, a more reasonable asset pricing system including five different models will be suggested to provide a necessary function of automatic price stabilization and to better serve our financial market.

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Y. Yu, "The Asset Pricing System," Modern Economy, Vol. 3 No. 5, 2012, pp. 473-480. doi: 10.4236/me.2012.35062.

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