Parimutuel Applications in Finance: New Markets for New Risks

by Ken Baron and Jeffrey Lange

Financial intermediaries typically offer derivatives to their customers only when they can hedge the exposures from these transactions. Baron and Lange show that parimutuel auctions can be used by financial intermediaries to offer derivatives without exposing themselves to risk.

• Format: Hardcover
• Language: English
• ISBN: 1403939500
• ISBN13: 9781403939500
• Release Date: November 2006
• Publisher: Palgrave MacMillan
• Length: 278 Pages
• Weight: 1.40 lbs.
• Dimensions: 0.9" x 6.4" x 9.5"