Stochastic Dominance and Applications to Finance, Risk and Economics

Stochastic Dominance and Applications to Finance, Risk and Economics

Author: Songsak Sriboonchita

Publisher: CRC Press

Published: 2009-10-19

Total Pages: 455

ISBN-13: 9781420082678

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Drawing from many sources in the literature, Stochastic Dominance and Applications to Finance, Risk and Economics illustrates how stochastic dominance (SD) can be used as a method for risk assessment in decision making. It provides basic background on SD for various areas of applications. Useful Concepts and Techniques for Economics ApplicationsThe


Book Synopsis Stochastic Dominance and Applications to Finance, Risk and Economics by : Songsak Sriboonchita

Download or read book Stochastic Dominance and Applications to Finance, Risk and Economics written by Songsak Sriboonchita and published by CRC Press. This book was released on 2009-10-19 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing from many sources in the literature, Stochastic Dominance and Applications to Finance, Risk and Economics illustrates how stochastic dominance (SD) can be used as a method for risk assessment in decision making. It provides basic background on SD for various areas of applications. Useful Concepts and Techniques for Economics ApplicationsThe


Stochastic Dominance

Stochastic Dominance

Author: Haim Levy

Publisher: Springer Science & Business Media

Published: 2006-08-25

Total Pages: 439

ISBN-13: 0387293116

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This book is devoted to investment decision-making under uncertainty. The book covers three basic approaches to this process: the stochastic dominance approach; the mean-variance approach; and the non-expected utility approach, focusing on prospect theory and its modified version, cumulative prospect theory. Each approach is discussed and compared. In addition, this volume examines cases in which stochastic dominance rules coincide with the mean-variance rule and considers how contradictions between these two approaches may occur.


Book Synopsis Stochastic Dominance by : Haim Levy

Download or read book Stochastic Dominance written by Haim Levy and published by Springer Science & Business Media. This book was released on 2006-08-25 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is devoted to investment decision-making under uncertainty. The book covers three basic approaches to this process: the stochastic dominance approach; the mean-variance approach; and the non-expected utility approach, focusing on prospect theory and its modified version, cumulative prospect theory. Each approach is discussed and compared. In addition, this volume examines cases in which stochastic dominance rules coincide with the mean-variance rule and considers how contradictions between these two approaches may occur.


Eclipse: Living in the Shadow of China's Economic Dominance

Eclipse: Living in the Shadow of China's Economic Dominance

Author: Arvind Subramanian

Publisher: Peterson Institute

Published: 2011

Total Pages: 253

ISBN-13: 0881326410

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By most accounts, China has quickly grown into the second largest economy in the world. In this controversial new book, Subramanian argues that China has already become the most economically dominant country in the world in terms of wealth, trade and finance. Its dominance and eclipsing of US global economic power is more imminent, more broad-based and larger in magnitude than anyone has anticipated. Subramanian compares the economic dominance of China with that of the two previous economic superpowers--the United States and the United Kingdom--and highlights similarities and differences. One corollary is that the fundamentals are strong for the Chinese currency to replace the dollar as the world's reserve currency. The final chapter forecasts how the international economic system is likely to evolve as a result of Chinese dominance.


Book Synopsis Eclipse: Living in the Shadow of China's Economic Dominance by : Arvind Subramanian

Download or read book Eclipse: Living in the Shadow of China's Economic Dominance written by Arvind Subramanian and published by Peterson Institute. This book was released on 2011 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: By most accounts, China has quickly grown into the second largest economy in the world. In this controversial new book, Subramanian argues that China has already become the most economically dominant country in the world in terms of wealth, trade and finance. Its dominance and eclipsing of US global economic power is more imminent, more broad-based and larger in magnitude than anyone has anticipated. Subramanian compares the economic dominance of China with that of the two previous economic superpowers--the United States and the United Kingdom--and highlights similarities and differences. One corollary is that the fundamentals are strong for the Chinese currency to replace the dollar as the world's reserve currency. The final chapter forecasts how the international economic system is likely to evolve as a result of Chinese dominance.


Dominance Economics

Dominance Economics

Author: Fouad Sabry

Publisher: One Billion Knowledgeable

Published: 2024-01-24

Total Pages: 389

ISBN-13:

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What is Dominance Economics The power that a company has over a certain economic market is referred to as market dominance. One of the characteristics of a dominating corporation is the ability to exert influence over the market price and the competition. The dominance of a company is a measurement of the power of a brand, product, service, or organization in comparison to the offers of other companies in the same industry. A dominating company also has the ability to act independently of its competitors or customers, and it does not have to worry about the distribution of its resources. There is a contrast between dominant positioning, which is a legal idea, and dominant positioning, which is an economic concept. This distinction is crucial when assessing whether or not a company's market position is dominant. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Dominance (economics) Chapter 2: Monopoly Chapter 3: Oligopoly Chapter 4: Concentration ratio Chapter 5: Herfindahl-Hirschman index Chapter 6: Anti-competitive practices Chapter 7: Barriers to entry Chapter 8: Substitute good Chapter 9: European Union competition law Chapter 10: Predatory pricing Chapter 11: Competition law Chapter 12: Market power Chapter 13: Market structure Chapter 14: Merger control Chapter 15: Market concentration Chapter 16: European Union merger law Chapter 17: Relevant market Chapter 18: Article 102 of the Treaty on the Functioning of the European Union Chapter 19: Deutsche Telekom AG v Commission Chapter 20: Telefónica SA v Commission Chapter 21: Mergers in United Kingdom law (II) Answering the public top questions about dominance economics. (III) Real world examples for the usage of dominance economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Dominance Economics.


Book Synopsis Dominance Economics by : Fouad Sabry

Download or read book Dominance Economics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-24 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Dominance Economics The power that a company has over a certain economic market is referred to as market dominance. One of the characteristics of a dominating corporation is the ability to exert influence over the market price and the competition. The dominance of a company is a measurement of the power of a brand, product, service, or organization in comparison to the offers of other companies in the same industry. A dominating company also has the ability to act independently of its competitors or customers, and it does not have to worry about the distribution of its resources. There is a contrast between dominant positioning, which is a legal idea, and dominant positioning, which is an economic concept. This distinction is crucial when assessing whether or not a company's market position is dominant. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Dominance (economics) Chapter 2: Monopoly Chapter 3: Oligopoly Chapter 4: Concentration ratio Chapter 5: Herfindahl-Hirschman index Chapter 6: Anti-competitive practices Chapter 7: Barriers to entry Chapter 8: Substitute good Chapter 9: European Union competition law Chapter 10: Predatory pricing Chapter 11: Competition law Chapter 12: Market power Chapter 13: Market structure Chapter 14: Merger control Chapter 15: Market concentration Chapter 16: European Union merger law Chapter 17: Relevant market Chapter 18: Article 102 of the Treaty on the Functioning of the European Union Chapter 19: Deutsche Telekom AG v Commission Chapter 20: Telefónica SA v Commission Chapter 21: Mergers in United Kingdom law (II) Answering the public top questions about dominance economics. (III) Real world examples for the usage of dominance economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Dominance Economics.


Exclusionary Practices

Exclusionary Practices

Author: Chiara Fumagalli

Publisher: Cambridge University Press

Published: 2018-01-11

Total Pages: 651

ISBN-13: 1108546803

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The most controversial area in competition policy is that of exclusionary practices, where actions are taken by dominant firms to deter competitors from challenging their market positions. Economists have been struggling to explain such conduct and to guide policy-makers in designing sensible enforcement rules. In this book, authors Chiara Fumagalli, Massimo Motta, and Claudio Calcagno explore predatory pricing, rebates, exclusive dealing, tying, and vertical foreclosure, through a blend of theory and practice. They develop a general framework which builds on and extends existing economic theories, drawing upon case law, discussions of cases and other practical considerations to identify workable criteria that can guide competition authorities to assess exclusionary practices. Along with analyses of policy implications and insights applied to case studies, the book provides practitioners with non-technical discussions of the issues at hand, while guiding economics students with dedicated technical sections with rigorous formal models.


Book Synopsis Exclusionary Practices by : Chiara Fumagalli

Download or read book Exclusionary Practices written by Chiara Fumagalli and published by Cambridge University Press. This book was released on 2018-01-11 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most controversial area in competition policy is that of exclusionary practices, where actions are taken by dominant firms to deter competitors from challenging their market positions. Economists have been struggling to explain such conduct and to guide policy-makers in designing sensible enforcement rules. In this book, authors Chiara Fumagalli, Massimo Motta, and Claudio Calcagno explore predatory pricing, rebates, exclusive dealing, tying, and vertical foreclosure, through a blend of theory and practice. They develop a general framework which builds on and extends existing economic theories, drawing upon case law, discussions of cases and other practical considerations to identify workable criteria that can guide competition authorities to assess exclusionary practices. Along with analyses of policy implications and insights applied to case studies, the book provides practitioners with non-technical discussions of the issues at hand, while guiding economics students with dedicated technical sections with rigorous formal models.


The Economics of Market Dominance

The Economics of Market Dominance

Author: Donald A. Hay

Publisher: Wiley-Blackwell

Published: 1987-01-01

Total Pages: 172

ISBN-13: 9780631147848

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Book Synopsis The Economics of Market Dominance by : Donald A. Hay

Download or read book The Economics of Market Dominance written by Donald A. Hay and published by Wiley-Blackwell. This book was released on 1987-01-01 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Measuring Development

Measuring Development

Author: Asis Kumar Banerjee

Publisher: Springer Nature

Published: 2020-06-24

Total Pages: 244

ISBN-13: 9811561613

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This book discusses how to measure the level of development of an economy, particularly, the task of ranking economies in terms of their development. In this context, development is defined as an increase in people’s level of wellbeing. The book emphasises that wellbeing is a multidimensional concept, and that it is important to ask how equitably the fruits of development are distributed, and as such it focuses on multidimensional, inequality-sensitive development ranking. Rather than using various specific development indices, which would lead to different development rankings for a country, the book proposes a dominance approach, which formulates conditions under which two economies can be ranked unambiguously, making it valid for all reasonable development indices. With the help of illustrative examples using real-world data, it demonstrates that such unambiguous rankings are possible, and that the proposed approach can be used to complement traditional approaches. An invaluable resource for researchers working in the field of development, the book will also appeal to practitioners engaged in measuring development. An excerpt from the book's Foreword:"[This book] is a comprehensive and valuable contribution to the literature on the measurement of inequality and the use of such measurement in the assessment of social welfare. I believe that it will be of much interest to researchers working on measures of inequality and social welfare as well as advanced graduate students who are looking for a solid introduction to this important area of normative economics." - Prof. Prasanta K. Pattanaik, University of California, Riverside, California, U.S.A.


Book Synopsis Measuring Development by : Asis Kumar Banerjee

Download or read book Measuring Development written by Asis Kumar Banerjee and published by Springer Nature. This book was released on 2020-06-24 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses how to measure the level of development of an economy, particularly, the task of ranking economies in terms of their development. In this context, development is defined as an increase in people’s level of wellbeing. The book emphasises that wellbeing is a multidimensional concept, and that it is important to ask how equitably the fruits of development are distributed, and as such it focuses on multidimensional, inequality-sensitive development ranking. Rather than using various specific development indices, which would lead to different development rankings for a country, the book proposes a dominance approach, which formulates conditions under which two economies can be ranked unambiguously, making it valid for all reasonable development indices. With the help of illustrative examples using real-world data, it demonstrates that such unambiguous rankings are possible, and that the proposed approach can be used to complement traditional approaches. An invaluable resource for researchers working in the field of development, the book will also appeal to practitioners engaged in measuring development. An excerpt from the book's Foreword:"[This book] is a comprehensive and valuable contribution to the literature on the measurement of inequality and the use of such measurement in the assessment of social welfare. I believe that it will be of much interest to researchers working on measures of inequality and social welfare as well as advanced graduate students who are looking for a solid introduction to this important area of normative economics." - Prof. Prasanta K. Pattanaik, University of California, Riverside, California, U.S.A.


Modern Monopolies

Modern Monopolies

Author: Alex Moazed

Publisher: Macmillan

Published: 2016-05-31

Total Pages: 274

ISBN-13: 1250091896

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What do Google, Snapchat, Tinder, Amazon, and Uber have in common, besides soaring market share? They're platforms - a new business model that has quietly become the only game in town, creating vast fortunes for its founders while dominating everyone's daily life. A platform, by definition, creates value by facilitating an exchange between two or more interdependent groups. So, rather that making things, they simply connect people. The Internet today is awash in platforms - Facebook is responsible for nearly 25 percent of total Web visits, and the Google platform crash in 2013 took about 40 percent of Internet traffic with it. Representing the ten most trafficked sites in the U.S., platforms are also prominent over the globe; in China, they hold the top eight spots in web traffic rankings. The advent of mobile computing and its ubiquitous connectivity have forever altered how we interact with each other, melding the digital and physical worlds and blurring distinctions between "offline" and "online." These platform giants are expanding their influence from the digital world to the whole economy. Yet, few people truly grasp the radical structural shifts of the last ten years. In Modern Monopolies, Alex Moazed and Nicholas L. Johnson tell the definitive story of what has changed, what it means for businesses today, and how managers, entrepreneurs, and business owners can adapt and thrive in this new era.


Book Synopsis Modern Monopolies by : Alex Moazed

Download or read book Modern Monopolies written by Alex Moazed and published by Macmillan. This book was released on 2016-05-31 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: What do Google, Snapchat, Tinder, Amazon, and Uber have in common, besides soaring market share? They're platforms - a new business model that has quietly become the only game in town, creating vast fortunes for its founders while dominating everyone's daily life. A platform, by definition, creates value by facilitating an exchange between two or more interdependent groups. So, rather that making things, they simply connect people. The Internet today is awash in platforms - Facebook is responsible for nearly 25 percent of total Web visits, and the Google platform crash in 2013 took about 40 percent of Internet traffic with it. Representing the ten most trafficked sites in the U.S., platforms are also prominent over the globe; in China, they hold the top eight spots in web traffic rankings. The advent of mobile computing and its ubiquitous connectivity have forever altered how we interact with each other, melding the digital and physical worlds and blurring distinctions between "offline" and "online." These platform giants are expanding their influence from the digital world to the whole economy. Yet, few people truly grasp the radical structural shifts of the last ten years. In Modern Monopolies, Alex Moazed and Nicholas L. Johnson tell the definitive story of what has changed, what it means for businesses today, and how managers, entrepreneurs, and business owners can adapt and thrive in this new era.


Topics in Microeconomics

Topics in Microeconomics

Author: Elmar Wolfstetter

Publisher: Cambridge University Press

Published: 1999-10-28

Total Pages: 394

ISBN-13: 9780521645348

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This book in microeconomics focuses on the strategic analysis of markets under imperfect competition, incomplete information, and incentives. Part I of the book covers imperfect competition, from monopoly and regulation to the strategic analysis of oligopolistic markets. Part II explains the analytics of risk, stochastic dominance, and risk aversion, supplemented with a variety of applications from different areas in economics. Part III focuses on markets and incentives under incomplete information, including a comprehensive introduction to the theory of auctions, which plays an important role in modern economics.


Book Synopsis Topics in Microeconomics by : Elmar Wolfstetter

Download or read book Topics in Microeconomics written by Elmar Wolfstetter and published by Cambridge University Press. This book was released on 1999-10-28 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book in microeconomics focuses on the strategic analysis of markets under imperfect competition, incomplete information, and incentives. Part I of the book covers imperfect competition, from monopoly and regulation to the strategic analysis of oligopolistic markets. Part II explains the analytics of risk, stochastic dominance, and risk aversion, supplemented with a variety of applications from different areas in economics. Part III focuses on markets and incentives under incomplete information, including a comprehensive introduction to the theory of auctions, which plays an important role in modern economics.


The Last Economic Superpower: The Retreat of Globalization, the End of American Dominance, and What We Can Do About It

The Last Economic Superpower: The Retreat of Globalization, the End of American Dominance, and What We Can Do About It

Author: Joseph P. Quinlan

Publisher: McGraw Hill Professional

Published: 2010-11-19

Total Pages: 305

ISBN-13: 0071753532

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The Risks and Rewards for the West in the Coming Multipolar World "A marked shift has occurred in the tone and assumptions surrounding our national fortune. Nowhere is this better seen than in the second generation of books dealing with America’s financial crisis, particularly Joseph P. Quinlan’s The Last Economic Superpower." New York Journal of Books The global economy, designed by Western powers with the United States as lead architect, is in the process of reconfiguration. The 2008 global financial crisis has terminated America’s reign as sole economic superpower and opened up important new spheres of influence to developing nations. Does this signal the retreat of globalization as we know it? Has an economic “cold war” already begun? Will the West ever exert the kind of control and influence it enjoyed just a few short years ago? In The Last Economic Superpower, Joseph P. Quinlan, a Wall Street veteran and expert on global economic affairs, addresses these questions and many others. Presenting his vision with refreshing clarity and objectivity, Quinlan examines: How America went from being a major creditor to the world’s largest debtor nation in only two decades Five critical issues America must face in order to prevent permanent fragmentation of the global economy What the fading appeal of Europe and Japan means for the future of globalization What China, India, and others have that the West doesn’t--and why this gives them unprecedented leverage Decisions made now will shape the course of history. The Last Economic Superpower outlines critical choices that must be made in order to recast, reinvent, and reenergize a new style of globalization. The Last Economic Superpower lays bare the issues and challenges that will decide whether the world builds a new, functional system that serves all or fragments into separate spheres of influence, which benefits no one.


Book Synopsis The Last Economic Superpower: The Retreat of Globalization, the End of American Dominance, and What We Can Do About It by : Joseph P. Quinlan

Download or read book The Last Economic Superpower: The Retreat of Globalization, the End of American Dominance, and What We Can Do About It written by Joseph P. Quinlan and published by McGraw Hill Professional. This book was released on 2010-11-19 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Risks and Rewards for the West in the Coming Multipolar World "A marked shift has occurred in the tone and assumptions surrounding our national fortune. Nowhere is this better seen than in the second generation of books dealing with America’s financial crisis, particularly Joseph P. Quinlan’s The Last Economic Superpower." New York Journal of Books The global economy, designed by Western powers with the United States as lead architect, is in the process of reconfiguration. The 2008 global financial crisis has terminated America’s reign as sole economic superpower and opened up important new spheres of influence to developing nations. Does this signal the retreat of globalization as we know it? Has an economic “cold war” already begun? Will the West ever exert the kind of control and influence it enjoyed just a few short years ago? In The Last Economic Superpower, Joseph P. Quinlan, a Wall Street veteran and expert on global economic affairs, addresses these questions and many others. Presenting his vision with refreshing clarity and objectivity, Quinlan examines: How America went from being a major creditor to the world’s largest debtor nation in only two decades Five critical issues America must face in order to prevent permanent fragmentation of the global economy What the fading appeal of Europe and Japan means for the future of globalization What China, India, and others have that the West doesn’t--and why this gives them unprecedented leverage Decisions made now will shape the course of history. The Last Economic Superpower outlines critical choices that must be made in order to recast, reinvent, and reenergize a new style of globalization. The Last Economic Superpower lays bare the issues and challenges that will decide whether the world builds a new, functional system that serves all or fragments into separate spheres of influence, which benefits no one.