The Journal of Political Economy

The Journal of Political Economy PDF Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 572

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The Journal of Political Economy

The Journal of Political Economy PDF Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 572

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Journal of Financial Intermediation

Journal of Financial Intermediation PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 546

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Essays in Optimal Dynamic Risk Sharing in Equity and Debt Markets

Essays in Optimal Dynamic Risk Sharing in Equity and Debt Markets PDF Author: Branko Vladeta Urosevic
Publisher:
ISBN:
Category :
Languages : en
Pages : 400

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A Game Theory Analysis of Options

A Game Theory Analysis of Options PDF Author: Alexandre Ziegler
Publisher: Springer Science & Business Media
ISBN: 3662215896
Category : Business & Economics
Languages : en
Pages : 154

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Book Description
Modem option pricing theory was developed in the late sixties and early seventies by F. Black, R. C. Merton and M. Scholes as an analytical tool for pricing and hedging option contracts and over-the-counter warrants. However, already in the seminal paper by Black and Scholes, the applicability of the model was regarded as much broader. In the second part of their paper, the authors demonstrated that a levered firm's equity can be regarded as an option on the value of the firm, and thus can be priced by option valuation techniques. A year later, Merton showed how the default risk structure of corporate bonds can be determined by option pricing techniques. Option pricing models are now used to price virtually the full range of financial instruments and financial guarantees such as deposit insurance and collateral, and to quantify the associated risks. Over the years, option pricing has evolved from a set of specific models to a general analytical framework for analyzing the production process of financial contracts and their function in the financial intermediation process in a continuous time framework. However, virtually no attempt has been made in the literature to integrate game theory aspects, i. e. strategic financial decisions of the agents, into the continuous time framework. This is the unique contribution of the thesis of Dr. Alexandre Ziegler. Benefiting from the analytical tractability of continuous time models and the closed form valuation models for derivatives, Dr.

The New Palgrave Dictionary of Economics

The New Palgrave Dictionary of Economics PDF Author:
Publisher: Springer
ISBN: 1349588024
Category : Law
Languages : en
Pages : 7493

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Book Description
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

The Theory of Corporate Finance

The Theory of Corporate Finance PDF Author: Jean Tirole
Publisher: Princeton University Press
ISBN: 1400830222
Category : Business & Economics
Languages : en
Pages : 657

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Book Description
"Magnificent."—The Economist From the Nobel Prize–winning economist, a groundbreaking and comprehensive account of corporate finance Recent decades have seen great theoretical and empirical advances in the field of corporate finance. Whereas once the subject addressed mainly the financing of corporations—equity, debt, and valuation—today it also embraces crucial issues of governance, liquidity, risk management, relationships between banks and corporations, and the macroeconomic impact of corporations. However, this progress has left in its wake a jumbled array of concepts and models that students are often hard put to make sense of. Here, one of the world's leading economists offers a lucid, unified, and comprehensive introduction to modern corporate finance theory. Jean Tirole builds his landmark book around a single model, using an incentive or contract theory approach. Filling a major gap in the field, The Theory of Corporate Finance is an indispensable resource for graduate and advanced undergraduate students as well as researchers of corporate finance, industrial organization, political economy, development, and macroeconomics. Tirole conveys the organizing principles that structure the analysis of today's key management and public policy issues, such as the reform of corporate governance and auditing; the role of private equity, financial markets, and takeovers; the efficient determination of leverage, dividends, liquidity, and risk management; and the design of managerial incentive packages. He weaves empirical studies into the book's theoretical analysis. And he places the corporation in its broader environment, both microeconomic and macroeconomic, and examines the two-way interaction between the corporate environment and institutions. Setting a new milestone in the field, The Theory of Corporate Finance will be the authoritative text for years to come.

After the Flood

After the Flood PDF Author: Edward L. Glaeser
Publisher: University of Chicago Press
ISBN: 022644354X
Category : Business & Economics
Languages : en
Pages : 320

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Book Description
Includes papers presented at a conference held at the Columbia Business School in the spring of 2013 in honor of Josae Scheinkman's 65th birthday.

The Economic Theory of Agrarian Institutions

The Economic Theory of Agrarian Institutions PDF Author: Pranab K. Bardhan
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Financial Integration and Development

Financial Integration and Development PDF Author: Ernest Aryeetey
Publisher: Routledge
ISBN: 1134677928
Category : Business & Economics
Languages : en
Pages : 266

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Book Description
This book examines the effects of financial liberalization on development, with a particular focus on Sub-Saharan Africa and includes studies of Ghana, Malawi, Nigeria and Tanzania.

Contractual Knowledge

Contractual Knowledge PDF Author: Grégoire Mallard
Publisher: Cambridge University Press
ISBN: 1107130913
Category : Business & Economics
Languages : en
Pages : 431

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Book Description
This volume provides a genealogy of global economic governance through the history of contracts, examining how and by whom they were designed and legally validated. It will appeal to lawyers, economists, and historians interested in the globalization of markets over the past century.