Asset Price Response to New Information, Guo Ying Luo

Автор: Barucci Emilio
Название: Financial Markets Theory / Equilibrium, Efficiency and Information
ISBN: 185233469X ISBN-13(EAN): 9781852334697
Издательство: Springer
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Цена: 79150.00 T
Наличие на складе: Поставка под заказ.
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: Bikhchandani
Название: The Analytics of Uncertainty and Information
ISBN: 0521541964 ISBN-13(EAN): 9780521541961
Издательство: Cambridge Academ
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Цена: 55970.00 T
Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This second edition, with a greater focus on game theory, attempts to unify recent developments in economic theories of uncertainty and information for students.

Автор: Matti Pohjola
Название: Information Technology, productivity, and Economic Growth – International Evidence and Implications for Economic Development
ISBN: 0199243980 ISBN-13(EAN): 9780199243983
Издательство: Oxford Academ
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Цена: 150480.00 T
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Описание: The often-advocated view that the information technology revolution will change the world must stem from the basic premiss that invesent in IT has a visible impact on productivity and economic growth. But how can we measure this impact and how large is it? By surveying previous studies and by presenting new micro- and macroeconomic evidence, this collection shows that in recent years the use of IT in the production of goods and services has had a strong influence on productivity and economic growth in industrial and in newly industrialized countries. Yet developing countries seem neither to have invested in IT nor benefited from such investments to the same extent as industrial countries. There is concern that information is becoming a commodity, like income and wealth, by which countries are classified as rich and poor. The contributors to this volume argue that investment in infrastructure, physical capital, and education is the key to economic development. This is an old policy prescription in the economics of development. What is new is the suggestion that the IT content of these investments should be high. The use of IT is so widely spread throughout the world economy that no single country can avoid investing in this technology if it wants to improve the standard of living of its citizens. Besides providing citizens with access to IT and to IT education and training, governments should promote participation in the information society, thus generating a sufficiently strong demand base for information products. By developing advanced applications of IT, and by becoming a model for the private sector, governments can alter worker, firm, and consumer attitudes, and lower their costs of adopting IT. The use of IT, not necessarily its production, is what matters for economic development.

Автор: Macho-Stadler, Ines;Perez-Castrillo, J.David
Название: An Introduction to the Economics of Information: Incentives and Contracts
ISBN: 0199243271 ISBN-13(EAN): 9780199243273
Издательство: Oxford Academ
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Цена: 205920.00 T
Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This is an updated graduate textbook on the theory of contracting under asymmetric information, a key part of modern microeconomic theory. It examines the characteristics of optimal contracts when one party has certain relevant knowledge that the other party does not. The exercises that test students` understanding are extended for each chapter.