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Parimutuel Applications In Finance

Parimutuel Applications In Finance

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9781403939500
Condition
New
Product Description

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.

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