Simple Economies: Complete and Incomplete Markets

  • Srdjan StojanovicEmail author


Financial contracts are usually traded in financial markets, which are part of a broader economy. An economy is quite a complicated object to comprehend, even more so to attempt to describe mathematically, and the situation is most complicated if the ambition is not just to describe it but also to be able to provide quantitative answers to many relevant financial and economic questions.


Interest Rate Stochastic Volatility Money Market Stochastic Volatility Model Appreciation Rate 
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Copyright information

© Springer Science+Business Media, LLC 2012

Authors and Affiliations

  1. 1.Department of MathematicsUniversity of CincinnatiCincinnatiUSA

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