Parimutuel Applications In Finance
- Ken Baron
- Jeffrey Lange
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Know about the book -
Parimutuel Applications In Finance is written by Ken Baron and published by Springer. It's available with International Standard Book Number or ISBN identification 0230627501 (ISBN 10) and 9780230627505 (ISBN 13).
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.
