© 1984

Risk and Capital

Proceedings of the 2nd Summer Workshop on Risk and Capital Held at the University of Ulm, West Germany June 20–24,1983

  • Günter Bamberg
  • Klaus Spremann
Conference proceedings

Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 227)

Table of contents

  1. Front Matter
    Pages N2-VII
  2. Opening Address

    1. Jost B. Walther
      Pages 1-4
  3. Risk and Saving

    1. Martin J. Beckmann
      Pages 5-12
  4. Information, Risk Aversion, and Capital Market Theory

  5. Management, Policy, and Empirical Evidence

About these proceedings


This volume invites young scientists and doctoral students in the fields of capital market theory, informational economics, and mana­ gement science to visualize the many different ways to arrive at a thorough understanding of risk and capital. Rather than focusing on one subject only, the sample of papers collected may be viewed as a representative choice of various aspects. Some contributions have more the character of surveys on the state of the art while others stress original research. We fou~d it proper to group the papers under two main themes. Part I covers information, risk aversion, and capital market theory. Part II is devoted to management, policy, and empirical evidence. Two contributions, we think, deserved to break this allocation and to be placed in a prologue. The ideas expressed by Jost B. Walther, although meant as opening address, draw interesting parallels for risk and capital in genetics and evolution. An old, fundamental pro­ blem was asked and solved by Martin J. Beckmann: how does risk affect saving? The wise answer (Martin's 60th birthday is in July 1984) is both smart and simple, although the proof requires sophisticated dynamic programming. As always, such a work must be the result of a special occasion.


Kapitalmarkt Market research Portfolio Selection Risiko capital markets information insurance interest rates management planning pricing productivity stochastic programming stress university

Editors and affiliations

  • Günter Bamberg
    • 1
  • Klaus Spremann
    • 2
  1. 1.Institut für Statistik und Mathematische WirtschaftstheorieUniversität AugsburgAugsburgGermany
  2. 2.Abteilung WirtschaftswissenschaftenUniversität UlmUlmGermany

Bibliographic information

  • Book Title Risk and Capital
  • Book Subtitle Proceedings of the 2nd Summer Workshop on Risk and Capital Held at the University of Ulm, West Germany June 20–24,1983
  • Editors G. Bamberg
    K. Spremann
  • Series Title Lecture Notes in Economics and Mathematical Systems
  • DOI
  • Copyright Information Springer-Verlag Berlin Heidelberg 1984
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Softcover ISBN 978-3-540-12923-3
  • eBook ISBN 978-3-642-45569-8
  • Series ISSN 0075-8442
  • Edition Number 1
  • Number of Pages VIII, 310
  • Number of Illustrations 0 b/w illustrations, 0 illustrations in colour
  • Topics Finance, general
  • Buy this book on publisher's site
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