Incomplete information and heterogeneous beliefs in continuous-time finance

This book considers the impact of incomplete information and heterogeneous beliefs on investor's optimal portfolio and consumption behavior and equilibrium asset prices. After a brief review of the existing incomplete information literature, the effect of incomplete information on investors' exptected utility, risky asset prices ...

The economics of Alfred Marshall

revisiting Marshall's legacy

The Economics of Alfred Marshall brings together a number of leading international scholars for a timely reappraisal of Marshall's contribution to the development of economics. The aims of the contributors are firstly to revisit the work of Alfred Marshall and to investigate the unity ...

Weak convergence of financial markets

The book provides an overview of weak convergence of stochastic processes and its application to the study of financial markets. Split into three parts, the first recalls the mathematics of stochastic processes and stochastic calculus with special emphasis on contiguity properties and weak convergence of ...

Ecotourism

an introduction

As arguably the largest and fastest growing industry, the potential impacts of tourism are considerable. Devised by ecologists, ecotourism was seen as a way to prevent the destruction of the environment. Responding to increased interest and global competition, the tourism industry has not been slow ...

Protest and the politics of blame

the russian response to unpaid wages

The wage arrears crisis has been one of the biggest problems facing contemporary Russia. At its peak, it has involved some $10 billion worth of unpaid wages and has affected approximately 70 percent of the workforce. Yet public protest in the country has been rather ...

The credit risk of complex derivatives

Since the publication of the 2nd edition of The Credit Risk of Complex Derivatives in 1997, the world of derivatives has gone through a period of dramatic change - in the external operating environment, product and market characteristic and risk management techniques. In the light of ...

Historia de América Andina

Volumen 5: Creación de las repúblicas y formación de la nación

Este volumen trata de la historia de las repúblicas de Venezuela, Colombia, Ecuador, Perú, Bolivia y Chile, entre los años de 1830 y 1880, como partes del espacio de América andina. El volumen contiene cuatro secciones. La primera analiza el desenvolvimiento de las economías y ...

The economic od the World Trading System

World trade is governed by the rules of the World Trade Organization (WTO), the successor to the General Agreement on Tariffs and Trade (GATT). The WTO sets rules of conduct for the international trade of goods and services and for intellectual property rights, provides a ...

The wisdom of teams

creating the high-performance organization

Motorola relied heavily on teams to surpass its competition in building the lightest, smallest, and highest-quality cell phones. At 3M, teams are critical to meeting the company's goal of producing half of each year's revenues from the previous five years' innovations. Kodak's ...

Handbook of international banking

The Handbook of International Banking provides a clearly accessible source of reference material, covering the main developments that reveal how the internationalization and globalization of banking have developed over recent decades to the present, and analyses the creation of a new global financial architecture. The ...

Migraciones económicas masivas y derechos del hombre

Séptima Sesión del Seminario Permanente de Derechos Humanos de la Facultad de Derecho (ESADE) de la Universidad Ramón Llull. Lo que ha pretendido analizar este seminario no era la extranjería, cualquier extranjería, sino una cierta extranjería, la que se expresa (y se padece) directa y ...

De la Revolución Francesa a la Guerra de la Independencia

Huelva a fines de la Edad Moderna

ÍNDICE: I. Introducción. II. Actividad política y poderes locales durante el período revolucionario. III. La villa en tiempos de guerra contra el enemigo francés. IV. Las bases económicas. V. Crisis de subsistencia y epidemias. VI. Cultura y niveles educativos al final de la Ilustración. VII ...

Risk management

value at risk and beyond

The use of derivative products in risk management has spread from commodities, stocks and fixed income items, to such virtual commodities as energy, weather and bandwidth. All this can give rise to so-called volatility and there has been a consequent development in formal risk management ...

The nature of economic growth

an alternative framework for understanding the performance of nations

This text charts development economics as it evolved from Adam Smith to new or endogenous growth theory. Thirlwall is critical of the latter, and its predecessor neo-classical growth theory, and tries to put back demand as a driving force in growth theory.

Representación comercial: contrato de trabajo o agencia mercantil

distinción conceptual entre el representante de comercio y el agente comercial.

Advanced macroeconomics

a primer

Since the rational expectations revolution in macroeconomics, the subject has changed massively, adopting the principles behind the revolution and building on them in a spectacular way. In this accessible and informative book, the authors guide the student through what has become the conceptual and mathematical ...

Economic policy reform

the second stage

The papers and commentary collected here constitute a vital discussion of contemporary thinking on economic policy reform, in particular the difficulties that leave so much of the world seemingly mired in poverty. Distinguished contributors address issues ranging from education and privatization to exchange rates and ...

Leadership engine

how winning companies build leaders at every level

Why do some companies consistently win in the marketplace while others struggle from crisis to crisis? The answer, says Noel Tichy, is that winning companies possess a "Leadership Engine" -- a proven system for creating dynamic leaders at every level.

Saddam Hussein

la política de la venganza

"Saddam es el hombre que comenzó en 1987 la guerra contra Irán, usó armas químicas contra los kurdos en su país, desarrolló armas biológicas capaces de matar a la mayoría de la gente del Medio Oriente, amenazó, invadió Kuwait e inició la Guerra del Golfo ...

Markets and moral regulation

Does European integration influence national cultures and social policies? Is Europe's fabled cultural diversity diminishing? In this 2001 book, Paulette Kurzer examines these important and topical questions by comparing the Irish abortion ban, Finnish and Swedish drinking restrictions, and Dutch drug decriminalization. Employing a ...