Essays on Financial Markets with Asymmetric Information PDF Download
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Author: Robert Lee Heinkel
Publisher:
ISBN:
Category :
Languages : en
Pages : 362
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Book Description
Author: Robert Lee Heinkel
Publisher:
ISBN:
Category :
Languages : en
Pages : 362
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Book Description
Author: Janke, Oliver
Publisher: Lehmanns Media
ISBN: 396543506X
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
In this thesis, we analyze various problems of dynamic portfolio optimization as well as green capital requirements under risk constraints and incomplete information. First, we examine the problem of optimal expected utility under the constraint of a utility-based shortfall risk measure in an incomplete market. The existence and uniqueness of an optimal solution to the problem are shown using a Lagrange multiplier and duality methods. Second, we consider the optimization problem under various levels of the investor’s information. By using martingale representation theorems, we demonstrate the existence and uniqueness of optimal solutions, which differ in their market dynamics. Third, we analyze the effects of green- and brownwashing on banks’ lending to firms, on the regulator’s deposit insurance subsidy, and on carbon emissions under different green capital requirement functions. Furthermore, we show that green capital requirements may compromise financial stability.
Author: Aaron Hong Wai Low
Publisher:
ISBN:
Category : International finance
Languages : en
Pages : 394
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Book Description
Author: John McCombie
Publisher: Routledge
ISBN: 1134340311
Category : Business & Economics
Languages : en
Pages : 351
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Book Description
This impressive collection explores the relationship between a country's balance of payments and their rate of economic growth.
Author: Lewis Gaul
Publisher: CreateSpace
ISBN: 9781505310306
Category :
Languages : en
Pages : 32
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Book Description
In credit markets, asymmetric information problems arise when borrowers have private information about their creditworthiness that is not observable by lenders. If these informational asymmetries do not negatively affect lenders' profitability, then they are irrelevant to lenders.
Author: Klaus Hammes
Publisher: Department of Economics School of Economics and Commercial Law Go
ISBN:
Category : Capital investments
Languages : en
Pages : 188
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Book Description
Author: Sertio Luis Schmukler
Publisher:
ISBN:
Category :
Languages : en
Pages : 336
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Book Description
Author: Walter P. Heller
Publisher: Cambridge University Press
ISBN: 9780521327046
Category : Business & Economics
Languages : en
Pages : 316
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Book Description
The third in a series of volumes published in honour of Professor Kenneth J. Arrow, each covering a different area of economic theory.
Author: Fredrik Andersson
Publisher:
ISBN:
Category : Information theory in economics
Languages : en
Pages : 136
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Book Description
Author: Alvin E. Roth
Publisher: Houghton Mifflin Harcourt
ISBN: 0544291131
Category : Business & Economics
Languages : en
Pages : 275
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Book Description
A Nobel laureate reveals the often surprising rules that govern a vast array of activities -- both mundane and life-changing -- in which money may play little or no role. If you've ever sought a job or hired someone, applied to college or guided your child into a good kindergarten, asked someone out on a date or been asked out, you've participated in a kind of market. Most of the study of economics deals with commodity markets, where the price of a good connects sellers and buyers. But what about other kinds of "goods," like a spot in the Yale freshman class or a position at Google? This is the territory of matching markets, where "sellers" and "buyers" must choose each other, and price isn't the only factor determining who gets what. Alvin E. Roth is one of the world's leading experts on matching markets. He has even designed several of them, including the exchange that places medical students in residencies and the system that increases the number of kidney transplants by better matching donors to patients. In Who Gets What -- And Why, Roth reveals the matching markets hidden around us and shows how to recognize a good match and make smarter, more confident decisions.
