Parimutuel applications in finance : new markets for new risks

書誌事項

Parimutuel applications in finance : new markets for new risks

Ken Baron and Jeffrey Lange

Palgrave Macmillan, 2007

  • : cloth

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注記

Includes bibliographical references (p. 258-270) and indexes

内容説明・目次

内容説明

Financial intermediaries typically offer derivatives to their customers only when they can hedge the exposures from these transactions. Baron and Lange show that parimutuel auctions can be used by financial intermediaries to offer derivatives without exposing themselves to risk.

目次

With a forward by Professor Robert J. Shiller Parimutuel Wagering Introduction to Parimutuel Applications in Finance The Mathematics of Parimutuel Applications in Finance Mathematical Theorems Numerical Solution Techniques

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