Abstract
The Capital Asset Pricing Model (CAPM) is obtained by adding to the optimal behavior of the asset demanders an equilibrium condition on supply and demand. This model was derived independently by Sharpe (1964), Lintner (1965) and Mossin (1966).
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Gouriéroux, C. (1997). Equilibrium Models. In: ARCH Models and Financial Applications. Springer Series in Statistics. Springer, New York, NY. https://doi.org/10.1007/978-1-4612-1860-9_9
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