Parimutuel Applications in Finance

New Markets for New Risks

Authors: Ken Baron, Jeffrey Lange

Publisher: Palgrave Macmillan UK

Book Series : Palgrave Macmillan Finance and Capital Markets Series

Part of: Springer Professional "Wirtschaft+Technik" , Springer Professional "Wirtschaft"

About this book

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.

Title: Parimutuel Applications in Finance
Authors: Ken Baron
Jeffrey Lange
Publisher: Palgrave Macmillan UK
Electronic ISBN: 978-0-230-62750-5
Print ISBN: 978-1-349-52000-8
DOI: https://doi.org/10.1057/9780230627505