Skip navigation
Skip navigation

On the theory of finance and investment

Milne, Frank


This thesis is a theoretical study of financial and investment decisions by consumers and producers in a market economy. The study takes as its point of departure, the certainty, competitive equilibrium theory of Arrow-Debreu, and demonstrates some well-known propositions on the irrelevance of financial decisions and the unambiguous role of value-maximization for production decisions. Because a complete market system for all future contingencies is unrealistic, the study proceeds to...[Show more]

CollectionsOpen Access Theses
Date published: 1975
Type: Thesis (PhD)


File Description SizeFormat Image
b10147950_Milne_F.pdf155.11 MBAdobe PDFThumbnail

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  20 July 2017/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator