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Parimutuel Applications in Finance

New Markets for New Risks

  • Authors
  • Ken¬†Baron
  • Jeffrey¬†Lange

Part of the Finance and Capital Markets Series book series (FCMS)

Table of contents

  1. Front Matter
    Pages i-xxvii
  2. Introduction to Parimutuel Markets

    1. Front Matter
      Pages 1-1
    2. Ken Baron, Jeffrey Lange
      Pages 3-10
    3. Ken Baron, Jeffrey Lange
      Pages 11-32
    4. Ken Baron, Jeffrey Lange
      Pages 33-48
    5. Ken Baron, Jeffrey Lange
      Pages 49-73
  3. The Mathematics of Parimutuel Derivatives Auctions

    1. Front Matter
      Pages 75-75
    2. Ken Baron, Jeffrey Lange
      Pages 77-99
    3. Ken Baron, Jeffrey Lange
      Pages 100-134
    4. Ken Baron, Jeffrey Lange
      Pages 135-170
    5. Ken Baron, Jeffrey Lange
      Pages 171-203
  4. Back Matter
    Pages 232-278

About this book

Introduction

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.

Keywords

derivatives finance mathematics

Bibliographic information

Industry Sectors
Finance, Business & Banking