Essays In The Theory Of Risk Bearing

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Essays in the Theory of Risk-bearing

Author : Kenneth Joseph Arrow
Publisher : Unknown
Page : 296 pages
File Size : 54,6 Mb
Release : 1974
Category : Risk
ISBN : STANFORD:36105033964714

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Essays in the Theory of Risk-bearing by Kenneth Joseph Arrow Pdf

Handbook of Insurance

Author : Georges Dionne
Publisher : Springer Science & Business Media
Page : 980 pages
File Size : 44,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401006422

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Handbook of Insurance by Georges Dionne Pdf

In the 1970's, the research agenda in insurance was dominated by optimal insurance coverage, security design, and equilibrium under conditions of imperfect information. The 1980's saw a growth of theoretical developments including non-expected utility, price volatility, retention capacity, the pricing and design of insurance contracts in the presence of multiple risks, and the liability insurance crisis. The empirical study of information problems, financial derivatives, and large losses due to catastrophic events dominated the research agenda in the 1990's. The Handbook of Insurance provides a single reference source on insurance for professors, researchers, graduate students, regulators, consultants, and practitioners, that reviews the research developments in insurance and its related fields that have occurred over the last thirty years. The book starts with the history and foundations of insurance theory and moves on to review asymmetric information, risk management and insurance pricing, and the industrial organization of insurance markets. The book ends with life insurance, pensions, and economic security. Each chapter has been written by a leading authority in insurance, all contributions have been peer reviewed, and each chapter can be read independently of the others.

The Economics of Information

Author : Kenneth Joseph Arrow
Publisher : Harvard University Press
Page : 302 pages
File Size : 50,8 Mb
Release : 1984
Category : Distributive justice
ISBN : 0674137639

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The Economics of Information by Kenneth Joseph Arrow Pdf

Encyclopedia of Finance

Author : Cheng-Few Lee
Publisher : Springer Science & Business Media
Page : 861 pages
File Size : 45,8 Mb
Release : 2006-07-27
Category : Business & Economics
ISBN : 9780387262840

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Encyclopedia of Finance by Cheng-Few Lee Pdf

This is a major new reference work covering all aspects of finance. Coverage includes finance (financial management, security analysis, portfolio management, financial markets and instruments, insurance, real estate, options and futures, international finance) and statistical applications in finance (applications in portfolio analysis, option pricing models and financial research). The project is designed to attract both an academic and professional market. It also has an international approach to ensure its maximum appeal. The Editors' wish is that the readers will find the encyclopedia to be an invaluable resource.

Essays in Honor of Kenneth J. Arrow: Volume 3, Uncertainty, Information, and Communication

Author : Walter P. Heller,Ross M. Starr,David A. Starrett
Publisher : Cambridge University Press
Page : 316 pages
File Size : 43,5 Mb
Release : 1986-09-26
Category : Business & Economics
ISBN : 0521327040

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Essays in Honor of Kenneth J. Arrow: Volume 3, Uncertainty, Information, and Communication by Walter P. Heller,Ross M. Starr,David A. Starrett Pdf

The third in a series of volumes published in honour of Professor Kenneth J. Arrow, each covering a different area of economic theory.

A History of the Theory of Investments

Author : Mark Rubinstein
Publisher : John Wiley & Sons
Page : 393 pages
File Size : 47,7 Mb
Release : 2011-09-02
Category : Business & Economics
ISBN : 9781118161098

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A History of the Theory of Investments by Mark Rubinstein Pdf

"This exceptional book provides valuable insights into the evolution of financial economics from the perspective of a major player." -- Robert Litzenberger, Hopkinson Professor Emeritus of Investment Banking, Univ. of Pennsylvania; and retired partner, Goldman Sachs A History of the Theory of Investments is about ideas -- where they come from, how they evolve, and why they are instrumental in preparing the future for new ideas. Author Mark Rubinstein writes history by rewriting history. In unearthing long-forgotten books and journals, he corrects past oversights to assign credit where credit is due and assembles a remarkable history that is unquestionable in its accuracy and unprecedented in its power. Exploring key turning points in the development of investment theory, through the critical prism of award-winning investment theory and asset pricing expert Mark Rubinstein, this groundbreaking resource follows the chronological development of investment theory over centuries, exploring the inner workings of great theoretical breakthroughs while pointing out contributions made by often unsung contributors to some of investment's most influential ideas and models.

Financial Decision Making Under Uncertainty

Author : ANDERSON ANDERSON WEBSTER
Publisher : Academic Press
Page : 314 pages
File Size : 42,5 Mb
Release : 2014-06-28
Category : Business & Economics
ISBN : 9781483294995

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Financial Decision Making Under Uncertainty by ANDERSON ANDERSON WEBSTER Pdf

Financial Dec Making under Uncertainty

Foundations of Insurance Economics

Author : Georges Dionne,Scott E. Harrington
Publisher : Springer Science & Business Media
Page : 742 pages
File Size : 55,5 Mb
Release : 2013-11-11
Category : Business & Economics
ISBN : 9789401579575

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Foundations of Insurance Economics by Georges Dionne,Scott E. Harrington Pdf

Economic and financial research on insurance markets has undergone dramatic growth since its infancy in the early 1960s. Our main objective in compiling this volume was to achieve a wider dissemination of key papers in this literature. Their significance is highlighted in the introduction, which surveys major areas in insurance economics. While it was not possible to provide comprehensive coverage of insurance economics in this book, these readings provide an essential foundation to those who desire to conduct research and teach in the field. In particular, we hope that this compilation and our introduction will be useful to graduate students and to researchers in economics, finance, and insurance. Our criteria for selecting articles included significance, representativeness, pedagogical value, and our desire to include theoretical and empirical work. While the focus of the applied papers is on property-liability insurance, they illustrate issues, concepts, and methods that are applicable in many areas of insurance. The S. S. Huebner Foundation for Insurance Education at the University of Pennsylvania's Wharton School made this book possible by financing publication costs. We are grateful for this assistance and to J. David Cummins, Executive Director of the Foundation, for his efforts and helpful advice on the contents. We also wish to thank all of the authors and editors who provided permission to reprint articles and our respective institutions for technical and financial support.

Selected Works of Joseph E. Stiglitz

Author : Joseph E. Stiglitz
Publisher : OUP Oxford
Page : 768 pages
File Size : 49,8 Mb
Release : 2008-12-25
Category : Business & Economics
ISBN : 9780191559921

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Selected Works of Joseph E. Stiglitz by Joseph E. Stiglitz Pdf

This is the first volume in a new, definitive, six-volume edition of the works of Joseph Stiglitz, one of today's most distinguished and controversial economists. Stiglitz was awarded the Nobel Prize in Economics in 2001 for his work on asymmetric information and is widely acknowledged as one of the pioneers in the field of modern information economics and more generally for his contributions to microeconomics. Volume I includes a number of classic papers which helped to form the foundations for the field of the economics of information. Stiglitz reflects on his work and the field more generally throughout the volume by including substantial original introductions to the Selected Works, the volume as a whole, and each part within the volume. The volume includes a number of foundational papers, specifically looking at market equilibrium with adverse selection, moral hazard, and screening. This volume sets out the basic concepts underlying the economics of information, while volume II goes a step further by applying and extending these concepts in a number of different settings in labour, capital, and product markets.

The Economics of Organization

Author : James D. Hess
Publisher : Elsevier
Page : 293 pages
File Size : 42,8 Mb
Release : 2014-07-22
Category : Business & Economics
ISBN : 9781483256894

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The Economics of Organization by James D. Hess Pdf

Advanced Textbooks in Economics, Volume 21: The Economics of Organization focuses on the processes, methodologies, and approaches involved in the study of various topics in economics, mathematical economics, and econometrics. The publication first ponders on the general resource allocation problem, particularly noting that a theory of resource allocation is formed by studying the deliberate and purposeful choices of individuals to provide a model for human behavior in the economic realm. The theory of exchange emphasizes that coordination and equilibrium must be formed to explain social linkages. The text then explains market allocation, and a number of propositions are discussed to show the dynamics of this field. The manuscript elaborates on transaction costs, markets and uncertainty, and behavior in the face of uncertainty. The publication also takes a look at the terms of authority, measuring of information, value of communication in teams, cost of communication, and budget planning. The formal organization of decision-making, hierarchical supervision and loss of control, alternative requirements of formal organization, and expedience and incentives are also underscored. The text is a valuable reference for researchers interested in the economics of organization.

Stochastic Orders and Applications

Author : Karl Mosler,Marco Scarsini
Publisher : Springer Science & Business Media
Page : 385 pages
File Size : 46,9 Mb
Release : 2012-12-06
Category : Mathematics
ISBN : 9783642499722

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Stochastic Orders and Applications by Karl Mosler,Marco Scarsini Pdf

A bibliography on stochastic orderings. Was there a real need for it? In a time of reference databases as the MathSci or the Science Citation Index or the Social Science Citation Index the answer seems to be negative. The reason we think that this bibliog raphy might be of some use stems from the frustration that we, as workers in the field, have often experienced by finding similar results being discovered and proved over and over in different journals of different disciplines with different levels of mathematical so phistication and accuracy and most of the times without cross references. Of course it would be very unfair to blame an economist, say, for not knowing a result in mathematical physics, or vice versa, especially when the problems and the languages are so far apart that it is often difficult to recognize the analogies even after further scrutiny. We hope that collecting the references on this topic, regardless of the area of application, will be of some help, at least to pinpoint the problem. We use the term stochastic ordering in a broad sense to denote any ordering relation on a space of probability measures. Questions that can be related to the idea of stochastic orderings are as old as probability itself. Think for instance of the problem of comparing two gambles in order to decide which one is more favorable.

Public Sector Leadership in Assessing and Addressing Risk

Author : Peter C. Young,Simon Grima,Rebecca E. Dalli Gonzi
Publisher : Emerald Group Publishing
Page : 210 pages
File Size : 44,9 Mb
Release : 2022-04-04
Category : Business & Economics
ISBN : 9781801179485

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Public Sector Leadership in Assessing and Addressing Risk by Peter C. Young,Simon Grima,Rebecca E. Dalli Gonzi Pdf

Public Sector Leadership in Assessing and Addressing Risk explores risk management in practice, focusing on the identification of risks in the European public sector while contextualising its Eurocentric analysis within a global setting; it lays the groundwork for understanding the main philosophical premises of risk management.

Welfare, Incentives, and Taxation

Author : James A. Mirrlees
Publisher : Oxford University Press, USA
Page : 602 pages
File Size : 47,9 Mb
Release : 2006
Category : Business & Economics
ISBN : 0198295219

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Welfare, Incentives, and Taxation by James A. Mirrlees Pdf

This volume brings together published and unpublished but seminal work in welfare, development, and public sector economics, providing an overview of much of the author's work.