Opis: Finance - Guy Laroque, Gabrielle Demange, Demange

"Finance and the Economics of Uncertainty" explores the growing range of economic decisions that are conducted under uncertainty both on the personal level, as well as by large firms. It analyzes the allocation of risk in the context of the current literature, as well as emphasizes the role of information in decisions and prices. It includes end-of-chapter exercises that supply the necessary tools for a comprehensive understanding of the field. "The authors discuss in a clear and motivated way some essential problems such as incompleteness, market viability or dissemination of information. Graduate students in economics will find this textbook a valuable supplement to the extensive literature on financial engineering." Christian Gourieroux, Center of Research in Economics and Statistics in France "Given the explosive growth of the finance literature, even well-trained microeconomists may feel left behind. They should be grateful to Demange and Laroque for giving them such a clear and unified picture of how financial instruments allocate risk in the economy." Bernard Salanie, Columbia UniversityList of main symbols. Introduction. I. Value by Arbitrage. 1. Financial instruments: an introduction. 2. Arbitrage. II. Exchanging Risk. 3. Investors and their information. 4. Portfolio choice. 5. Optimal risk sharing and insurance. 6. Equilibrium on the stock exchange and risk sharing. 7. Trade and information. 8. Intertemporal valuation. III. The Firm. 9. Corporate finance and risk. 10. Financing investments and limited liability. Index

Szczegóły: Finance - Guy Laroque, Gabrielle Demange, Demange

Tytuł: Finance
Autor: Guy Laroque, Gabrielle Demange, Demange
Producent: Blackwell Science
ISBN: 9781405121385
Rok produkcji: 2005
Ilość stron: 288
Oprawa: Twarda
Waga: 0.58 kg

Recenzje: Finance - Guy Laroque, Gabrielle Demange, Demange