Arrow Security

	Arrow Security An Arrow security is an instrument with a fixed payout of one unit in a specified state and no payout in other states.Lengwiler, Yvan. Microfoundations of financial economics: an introduction to general equilibrium asset pricing. Princeton University Press, 2009. p. 41. It is a type of hypothetical asset used in the Arrow market structure model. In contrast to the Arrow-Debreu market structure model, an Arrow market is a market in which the individual agents engage in trading asset In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value ...s at every time period t. In an Arrow-Debreu model, trading occurs only once at the beginning of time. An Arrow Security is an asset traded in an Arrow market structure model which encompasses a complete market. Arrow Security is also called State C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Asset In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Assets can be grouped into two major classes: tangible assets and intangible assets. Tangible assets contain various subclasses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
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	Arrow-Debreu Security In financial economics, a state-price security, also called an Arrow–Debreu security (from its origins in the Arrow–Debreu model), a pure security, or a primitive security is a contract that agrees to pay one unit of a numeraire (a currency or a commodity) if a particular state occurs at a particular time in the future and pays zero numeraire in all the other states. The price of this security is the state price of this particular state of the world. The state price vector is the vector of state prices for all states. See . The Arrow–Debreu model (also referred to as the Arrow–Debreu–McKenzie model or ADM model) is the central model in general equilibrium theory and uses state prices in the process of proving the existence of a unique general equilibrium. State prices may relatedly be applied in derivatives pricing and hedging: a contract whose settlement value is a function of an underlying asset whose value is uncertain at contract date, can be decomposed as a linear ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]