Описание: Financial Markets Theory presents classical asset pricing theory, a theory composed of milestones such as portfolio selection, risk aversion, fundamental asset pricing theorem, portfolio frontier, CAPM, CCAPM, APT, the Modigliani-Miller Theorem, no arbitrage/risk neutral evaluation and information in financial markets. Starting from an analysis of the empirical tests of the above theories, the author provides a discussion of the most recent literature, pointing out the main advancements within classical asset pricing theory and the new approaches designed to address open problems (e.g. behavioural finance). It is the only textbook to address the economic foundations of financial markets theory from a mathematically rigorous standpoint, and to offer a self-contained critical discussion, based on empirical results. Financial Markets Theory is an advanced book, well-suited for a first graduate course in financial markets, economics or financial mathematics. It is self-contained and introduces topics in a setting accessible to economists and practitioners equipped with a basic mathematical background. For those not acquainted with standard microeconomic theory, the tools needed to follow the analysis are presented early in the book. The approach makes this a vital handbook for practitioners in insurance, banking, investment funds and financial consultancy, as well as an excellent graduate-reference textbook.
Автор: Rolf F?re; Shawna Grosskopf; Daniel Primont Название: Aggregation, Efficiency, and Measurement ISBN: 1441942378 ISBN-13(EAN): 9781441942371 Издательство: Springer Рейтинг: Цена: 21661.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This volume brings together leading scholars to make connections between efficiency and a number of diverse areas of current interest to economists.
Описание: In this volume are papers written by students and co-authors of Stanley Reiter. Stan has had a strong and important direct effect on many students at Purdue University and Northwestern University. Stan`s students include department chairmen, business executives, Deans, a Secretary of the Air Force, and a College President.
Автор: Dennis C. Mueller; Alfred Haid; J?rgen Weigand Название: Competition, Efficiency, and Welfare ISBN: 1461375428 ISBN-13(EAN): 9781461375425 Издательство: Springer Рейтинг: Цена: 20962.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: He was Dean of the Faculty of Economics and Social Sciences of the University of Erlangen-Nurnberg, President of the European Association for Research in Industrial Economics (EARIE) and Chairman of Industrial Organization Study Group of the Verein fur Sozialpolitik.
Автор: Dieter B?s; Manfred Rose; Christian Seidl Название: Welfare and Efficiency in Public Economics ISBN: 3642733727 ISBN-13(EAN): 9783642733727 Издательство: Springer Рейтинг: Цена: 15372.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Hans-Werner Sinn, Munich, West Germany This book contains 15 papers presented at a conference in Neresheim, West Ger- many, in June 1986. Some economists, whom I would classify as belonging to the "everything is optimal" school, would claim that providing politicians with numerical welfare measures is superfluous or even dangerous.
Автор: Jati Sengupta Название: Efficiency Analysis by Production Frontiers ISBN: 9401076944 ISBN-13(EAN): 9789401076944 Издательство: Springer Рейтинг: Цена: 27245.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Pension fund benefits are crucial for pensioners' welfare and pension fund savings have accumulated to huge amounts, covering a major part of world-wide institutional investments. However, the literature on pension fund economics and finance is rather limited, caused, in part, to limited data availability. This book contributes to this literature and focuses on three important areas. The first is pension fund (in)efficiency, which has a huge impact on final benefits, particularly when annual spoilage accumulates over a lifetime. Scale economies, pension plans complexity and alternative pension saving plans are important issues.
The second area is investment behavior and risk-taking. A key question refers to the allocation of investments over high risk/high return and relatively safe assets. Bikker investigates whether pension funds follow the life-cycle hypothesis: more risk and return for pension funds with young participants. Many pension funds are rather limited in size, which may raise the question how financially sophisticated the pension fund decision makers are: rather professionals or closer to unskilled private persons?
The third field concerns two regulation issues. How do pension fund respond to shocks such as unexpected investment returns or changes in life expectancy? What are the welfare implications to the beneficiary for different methods of securing pension funding: solvency requirements, a pension guarantee fund, or sponsor support?
This groundbreaking book will challenge the way pension fund economics is thought about and practiced.
Описание: Major challenges for life insurance companies have been posed by an unprecedented wave of mergers and acquisitions in the insurance industry and the emergence of non-traditional competitors such as banks, mutual fund companies and investment advisory firms.
Автор: Roger S. Frantz Название: X-Efficiency: Theory, Evidence and Applications ISBN: 1461378753 ISBN-13(EAN): 9781461378754 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: " So from the beginning I always considered the concept ofX-(in)efficiency to be a valuable one for understanding human behavior. Professor Leibenstein suggested that I consider how some empirical evidence which was being cited as evidence for the role of property rights might also be consistent with XE theory.
Описание: Some of the changes to our payment system, involving its efficiency, the risks inherent in the payment process, and the role of the private and public sectors in the payment mechanism, are the subject of considerable debate and controversy.
Автор: Antonio Villar Название: Equilibrium and Efficiency in Production Economies ISBN: 3642640761 ISBN-13(EAN): 9783642640766 Издательство: Springer Рейтинг: Цена: 15372.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book is a substantially revised and enlarged version of the monograph General Equilibrium with Increasing Returns, published by Springer-Verlag as a Lecture Notes volume in 1996.
Автор: McStay, Kyran Название: Routledge Revivals: The Efficiency of New Issue Markets (1992) ISBN: 1138574929 ISBN-13(EAN): 9781138574922 Издательство: Taylor&Francis Рейтинг: Цена: 1070.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: First published in 1992, The Efficiency of New Issue Markets provides a comprehensive overview of under-pricing and through this assess the efficiency of new issue markets.
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