The Capital Asset Pricing Model as a General Equilibrium With Incomplete Markets*

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THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors…

1975 • 7,346 citations

The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets

1965 • 7,112 citations

Existence of an Equilibrium for a Competitive Economy

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1972 • 3,158 citations

Existence of an equilibrium for a competitive economy

2008 • 3,100 citations

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1986 • 1,309 citations

The American Economic Review

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1972 • 737 citations

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An aggregation theorem for securities markets

1974 • 507 citations

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Equilibrium in economies with incomplete financial markets

1985 • 148 citations

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1977 • 48 citations