Financial Innovation and Risk Sharing - Brossura

Allen, Franklin; Gale, Douglas

 
9780262514651: Financial Innovation and Risk Sharing
Brossura
ISBN 10: 0262514656 ISBN 13: 9780262514651
Casa editrice: MIT Press, 2003

Sinossi

Franklin Allen and Douglas Gale have contributed substantially to the study of financial innovation, developing economic models to address the question of whether the market provides institutions and opportunities for individuals to share risks efficiently. In this book they assemble some of their key papers along with a five-chapter overview that not only synthesizes their work but provides a historical and institutional review and a discussion of alternative approaches as well. The lengthy overview surveys the authors' approach to financial innovation, principally their development of a basic theory of risk sharing in an economy with incomplete markets. The first two chapters summarize the history of innovation and illustrate the types of innovation, innovators, and motives for innovation. Chapters three and four look at industrial organization approaches to innovation and outline the authors' theory. The fifth chapter discusses other approaches and an agenda for future research.

Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.

L'autore

Franklin Allen is the Nippon Life Professor of Finance and Economics at the Wharton School, University of Pennsylvania.

Product Description

Franklin Allen and Douglas Gale have contributed substantially to the study of financial innovation, developing economic models to address the question of whether the market provides institutions and opportunities for individuals to share risks efficiently. In this book they assemble some of their key papers along with a five-chapter overview that not only synthesizes their work but provides a historical and institutional review and a discussion of alternative approaches as well.The lengthy overview surveys the authors' approach to financial innovation, principally their development of a basic theory of risk sharing in an economy with incomplete markets. The first two chapters summarize the history of innovation and illustrate the types of innovation, innovators, and motives for innovation. Chapters three and four look at industrial organization approaches to innovation and outline the authors' theory. The fifth chapter discusses other approaches and an agenda for future research.

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

Editore
MIT Press
Data di pubblicazione
2003
Lingua
Inglese
ISBN 10 
0262514656
ISBN 13 
9780262514651
Rilegatura
Copertina flessibile
Numero di pagine
390
Contatto del produttore
non disponibile
Persona responsabile
Purmerul LTD
https://strengholt.nl/en/

22 Liuleburgaz Str., floor 4, app. 9
0
Plovdiv
4000
Bulgaria

Altre edizioni note dello stesso titolo

9780262011419: Financial Innovation and Risk Sharing

Edizione in evidenza

ISBN 10:  0262011417 ISBN 13:  9780262011419
Casa editrice: Mit Pr, 1994
Rilegato