This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: And let us choose 2 p as the numeraire price, so that these equations become 1 1 1 1 ( ,1) 2 c c D D c D A B A B a A A p w w p w w z p w w p + + + =1 1 1 ( ,1) 2 c c D D c D A B A B b B B p w w p w w z p w w + + + ==> 1 C D B B C D A A w w p w w + = + = 1 3 , 2 1 p = 1 2 c C m A p = =9 2 2 c C m B p = =3 1 2 D D m A p = =9 2 2 D D m B p = =3...
View
Full
Document
 Spring '08
 TOOSSI

Click to edit the document details