Listing 1 - 2 of 2 |
Sort by
|
Choose an application
Do marijuana users cut back on consumption when the price rises? To what degree is marijuana consumption related to drinking and tobacco usage? What would happen if marijuana were legalised and taxed in the same way as alcohol and tobacco? Is marijuana priced in a similar way to other goods? Economics and Marijuana deals with these and other questions by drawing on a rich set of data concerning the consumption and pricing of marijuana in Australia, a country where the drug has been decriminalised in some, but not all, states. The book applies the economic approach to drugs to analyse consumption, pricing and the economics of legalising the use of marijuana. The result is a fascinating analysis of this widely used, but little understood illicit drug that provides much needed information and policy advice for a wide range of readers, including economists, policy makers and health professionals.
AA / International- internationaal --- AU / Australia - Australië - Australie --- 343.35 --- 351.2 --- 202 --- 380.20 --- 339.324 --- Misdrijven tegen de openbare administratie, de belasting- en administratieve wetgeving. --- Openbare gezondheid. Milieubescherming. Milieuvervuiling. --- Sociale organisatie. --- Prijstheorieën: algemeenheden. --- Bescherming van de verbruiker en politiek van het verbruik. --- Marijuana industry --- Marijuana --- Ganja --- Marihuana --- Cannabis --- Cannabis industry --- Herb industry --- Economic aspects --- Sociale organisatie --- Bescherming van de verbruiker en politiek van het verbruik --- Misdrijven tegen de openbare administratie, de belasting- en administratieve wetgeving --- Openbare gezondheid. Milieubescherming. Milieuvervuiling --- Prijstheorieën: algemeenheden --- Microeconomics --- Criminology. Victimology --- Economic order --- Australia --- Economic aspects. --- Weed (Marijuana) --- Business, Economy and Management --- Economics --- Marijuana industry. --- Botanical drug industry
Choose an application
This is the first book about the emerging field of utility indifference pricing for valuing derivatives in incomplete markets. René Carmona brings together a who's who of leading experts in the field to provide the definitive introduction for students, scholars, and researchers. Until recently, financial mathematicians and engineers developed pricing and hedging procedures that assumed complete markets. But markets are generally incomplete, and it may be impossible to hedge against all sources of randomness. Indifference Pricing offers cutting-edge procedures developed under more realistic market assumptions. The book begins by introducing the concept of indifference pricing in the simplest possible models of discrete time and finite state spaces where duality theory can be exploited readily. It moves into a more technical discussion of utility indifference pricing for diffusion models, and then addresses problems of optimal design of derivatives by extending the indifference pricing paradigm beyond the realm of utility functions into the realm of dynamic risk measures. Focus then turns to the applications, including portfolio optimization, the pricing of defaultable securities, and weather and commodity derivatives. The book features original mathematical results and an extensive bibliography and indexes. In addition to the editor, the contributors are Pauline Barrieu, Tomasz R. Bielecki, Nicole El Karoui, Robert J. Elliott, Said Hamadène, Vicky Henderson, David Hobson, Aytac Ilhan, Monique Jeanblanc, Mattias Jonsson, Anis Matoussi, Marek Musiela, Ronnie Sircar, John van der Hoek, and Thaleia Zariphopoulou. The first book on utility indifference pricing Explains the fundamentals of indifference pricing, from simple models to the most technical ones Goes beyond utility functions to analyze optimal risk transfer and the theory of dynamic risk measures Covers non-Markovian and partially observed models and applications to portfolio optimization, defaultable securities, static and quadratic hedging, weather derivatives, and commodities Includes extensive bibliography and indexes Provides essential reading for PhD students, researchers, and professionals
Nonlinear pricing --- Prices --- Pricing --- Mathematical models. --- Mathematical models --- E-books --- 658.816 --- 305.91 --- 339.40 --- 380.20 --- AA / International- internationaal --- Econometrie van de financiële activa. Portfolio allocation en management. CAPM. Bubbles --- Vermogenbeheer. financiële analyse (algemeenheden) --- Prijstheorieën: algemeenheden --- Tarification non linéaire --- Prix --- Modèles mathématiques
Listing 1 - 2 of 2 |
Sort by
|