Title:
Finance and the economics of uncertainty
Personal Author:
Publication Information:
Malden, MA : Blackwell Pub., 2006
ISBN:
9781405121392
Added Author:
Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000010103456 | HB615 D45 2006 | Open Access Book | Book | Searching... |
Searching... | 30000010103452 | HB615 D45 2006 | Open Access Book | Book | Searching... |
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Summary
Summary
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.
Analyzes the allocation of risk in the context of the current literature, as well as emphasizes the role of information in decisions and prices. Includes end-of-chapter exercises that supply the necessary tools for a comprehensive understanding of the field.Author Notes
Gabrielle Demange is Director at EHESS (Ecole des Hautes Etudes en Sciences Sociales) and researcher at PSE (Paris-Jourdan Sciences Economiques), and is Co-Editor of the journal Economic Theory.
Guy Laroque is Director of the Macroeconomic Laboratory at INSEE-CREST (Institut National de la Statistique et des Etudes Economiques-Centre de Recherche en Economie et Statistique) as well as a former Editor of Econometrica (1992-1996).
Table of Contents
| List 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 |
