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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

  • Conference proceedings
  • © 1984

Overview

Editors:
  1. Günter Bamberg

    1. Institut für Statistik und Mathematische Wirtschaftstheorie, Universität Augsburg, Augsburg, Germany

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  2. Klaus Spremann

    1. Abteilung Wirtschaftswissenschaften, Universität Ulm, Ulm, Germany

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    You can also search for this editor in PubMed   Google Scholar

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

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Table of contents (19 papers)

  1. Front Matter

    Pages N2-VII
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  2. Opening Address

    1. Opening Address

      • Jost B. Walther
      Pages 1-4

  3. Risk and Saving

    1. Risk and Saving

      • Martin J. Beckmann
      Pages 5-12

  4. Information, Risk Aversion, and Capital Market Theory

    1. Front Matter

      Pages 13-13
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    2. The Impacts of Variance Reducing Strategies in Dyopolistic Capital Markets

      • G. Bamberg
      Pages 15-32

    3. Notes on Costless Financial Signalling

      • M. J. Brennan, A. Kraus
      Pages 33-51

    4. Variable Information and Capital Market Equilibria

      • V. Firchau
      Pages 52-63

    5. Diffusion Process Specifications for Interest Rates

      • Edwin O. Fischer, Josef Zechner
      Pages 64-73

    6. Mis-Specifications in Portfolio Selection Problems

      • J. G. Kallberg, W. T. Ziemba
      Pages 74-87

    7. Increasing Multivariate Risk: Some Definitions

      • K. C. Mosler
      Pages 88-102

    8. A Firm in Statu Nascendi — Initial and Final Shareholders

      • Klaus Spremann
      Pages 103-121

    9. A Consistent Model for the Pricing of Derivative Assets in a Discrete Time Framework

      • J. E. M. Wilhelm
      Pages 122-137
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Keywords

About this book

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.

Editors and Affiliations

  • Institut für Statistik und Mathematische Wirtschaftstheorie, Universität Augsburg, Augsburg, Germany

    Günter Bamberg

  • Abteilung Wirtschaftswissenschaften, Universität Ulm, Ulm, Germany

    Klaus Spremann

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: Günter Bamberg, Klaus Spremann

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-642-45569-8

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1984

  • Softcover ISBN: 978-3-540-12923-3Published: 01 April 1984

  • eBook ISBN: 978-3-642-45569-8Published: 06 December 2012

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: VIII, 310

  • Topics: Finance, general

  • Industry Sectors: Biotechnology, Finance, Business & Banking

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