This paper critically reviews the different models of equilibrium in asset markets. The survey includes the Sharpe-Lintner-Black model, and Roll´s critique, Merton´s intertemporal multibeta version in continuos time, the aggregate consumption model developed by Breeden, Ross´arbitrage pricing theory, and Grinblatt and Titman´s equilibrium arbitrage pricing theory in finite economies. Although the emphasis is on the theoretical work, the main empirical results are also outlined.
Gregoire C., J., & Zurita, S. (1994). Equilibrium in asset markets. Estudios De Administración, 1(1), 15–44. https://doi.org/10.5354/0719-0816.1994.56685
