Business & Economics Books:

Financial Innovation and Risk Sharing

Sorry, this product is not currently available to order

Here are some other products you might consider...

Financial Innovation and Risk Sharing

Customer rating

Click to share your rating 0 ratings (0.0/5.0 average) Thanks for your vote!

Share this product

Financial Innovation and Risk Sharing by Franklin Allen
Unavailable
Sorry, this product is not currently available to order

Description

Franklin Allen and Douglas Gale have contributed substantially to the study of financial innovation, developing economic models to address the question of whether the market provides institutions and opportunities for individuals to share risks efficiently. In this book they assemble some of their key papers along with a five-chapter overview that not only synthesizes their work but provides a historical and institutional review and a discussion of alternative approaches as well.The lengthy overview surveys the authors' approach to financial innovation, principally their development of a basic theory of risk sharing in an economy with incomplete markets. The first two chapters summarize the history of innovation and illustrate the types of innovation, innovators, and motives for innovation. Chapters three and four look at industrial organization approaches to innovation and outline the authors' theory. The fifth chapter discusses other approaches and an agenda for future research.

Author Biography

Franklin Allen is the Nippon Life Professor of Finance and Economics at the Wharton School, University of Pennsylvania. Douglas Gale is Professor of Economics at New York University.
Release date NZ
January 1st, 2003
Country of Publication
United States
Imprint
MIT Press
Interest Age
From 18 years
Pages
389
Dimensions
157x229x28
ISBN-13
9780262514651
Product ID
5770404

Customer reviews

Nobody has reviewed this product yet. You could be the first!

Write a Review

Marketplace listings

There are no Marketplace listings available for this product currently.
Already own it? Create a free listing and pay just 9% commission when it sells!

Sell Yours Here

Help & options

  • If you think we've made a mistake or omitted details, please send us your feedback. Send Feedback
  • If you have a question or problem with this product, visit our Help section. Get Help
Filed under...

Buy this and earn 359 Banana Points