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Parimutuel Applications In Finance
Ken BaronJeffrey Lange
其他書名
New Markets for New Risks
出版Springer, 2006-11-28
主題Business & Economics / Insurance / Risk Assessment & ManagementBusiness & Economics / Corporate Finance / GeneralBusiness & Economics / Investments & Securities / GeneralBusiness & Economics / Management
ISBN02306275019780230627505
URLhttp://books.google.com.hk/books?id=7ciGDAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋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.