Financial Markets Theory / Equilibrium, Efficiency and Information, Barucci Emilio

Автор: Burkhard Heer
Название: Dynamic General Equilibrium Modeling
ISBN: 364203148X ISBN-13(EAN): 9783642031489
Издательство: Springer
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Цена: 69870.00 T
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Описание: Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. A wide variety of mathematical tools are needed to solve these models. This book presents methods used to compute the dynamics of general equilibrium models.

Автор: Bob Litterman
Название: Modern Investment Management: An Equilibrium Approach
ISBN: 0471124109 ISBN-13(EAN): 9780471124108
Издательство: Wiley
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Цена: 138330.00 T
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Описание: Investing is a difficult and challenging process. There are many ways for institutional and high net worth individual investors to perform poorly, either through mistakes or simple bad luck. Fortunately for investors, progress has been made in both the theory and the practice of investment management.

Автор: Horsley
Название: The Short-Run Approach to Long-Run Equilibrium in Competitive Markets
ISBN: 3319333976 ISBN-13(EAN): 9783319333977
Издательство: Springer
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Цена: 65210.00 T
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Описание: The authors present a new formal framework for finding the long-run competitive market equilibrium through short-run equilibria by exploiting the operating policies and plant valuations. This “short-run approach” develops ideas of Boiteux and Koopmans. Applied to the peak-load pricing of electricity generated by thermal, hydro and pumped-storage plants, it gives a sound and practical method of valuing the fixed assets—in this case, the river flows and the geological sites suitable for reservoirs. Its main mathematical basis is the producer’s short-run profit maximization programme and its dual; their solutions have relatively simple forms that can greatly ease the fixed-point problem of solving for the general equilibrium. Since the optimal values (profit and cost functions) are usually nondifferentiable—this is so when there are joint costs of production such as capacity constraints—nonsmooth calculus is employed to resolve long-standing discrepancies between textbook theory and industrial reality by giving subdifferential extensions of basic results of microeconomics, including the Wong-Viner Envelope Theorem.