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Your search for "option" over the article keywords returned 16 results.

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1. irreversible investment

The cost of an irreversible investment cannot be recovered once it is installed. This restriction not only truncates negative investments, but also raises ...

By Janice C. Eberly. From The New Palgrave Dictionary of Economics, Second Edition, 2008

2. international reserves

Developing countries, particularly in East Asia, account for most of the large increase in international reserves–GDP ratios in recent decades. Possible ...

By Joshua Aizenman. From The New Palgrave Dictionary of Economics, Second Edition, 2008

3. Merton, Robert C. (born 1944)

Robert C. Merton, who developed the theory of option pricing with Myron Scholes and the Fischer Black, is responsible for a new approach to investments ...

By Darrell Duffie. From The New Palgrave Dictionary of Economics, Second Edition, 2008

4. options

An option is a security whose owner has a right to buy (sell) it at a specified price on a specified date (or, with an American-type option, on or before ...

By Robert C. Merton. From The New Palgrave Dictionary of Economics, Second Edition, 2008

5. Scholes, Myron (born 1941)

Myron Scholes is best known for his contribution to the derivation of the widely used Black–Scholes option pricing formula. His contributions to financial ...

By Toni M. Whited. From The New Palgrave Dictionary of Economics, Second Edition, 2008

6. mean-variance analysis

Mean-variance analysis is concerned with combining risky assets in a way that minimizes the variance of risk at any desired mean return. In the use of ...

By Harry M. Markowitz. From The New Palgrave Dictionary of Economics, Second Edition, 2008

7. procurement

Firms and government agencies rely increasingly on goods and services procured from outside suppliers. How to assure desired quality at a minimal cost ...

By Yeon-Koo Che. From The New Palgrave Dictionary of Economics, Second Edition, 2008

8. arbitrage

The absence of arbitrage is the unifying concept for much of finance. Absence of arbitrage is more general than equilibrium because it ...

By Philip H. Dybvig and Stephen A. Ross. From The New Palgrave Dictionary of Economics, Second Edition, 2008

9. stochastic volatility models

Stochastic volatility (SV) is the main concept used in the fields of financial economics and mathematical finance to deal with the endemic time-varying ...

By Neil Shephard. From The New Palgrave Dictionary of Economics, Second Edition, 2008

10. Black, Fischer (1938–1995)

Fischer Black is best known for the Black–Scholes option pricing formula, which he regarded as an application of the capital asset pricing model (CAPM). ...

By Perry G. Mehrling. From The New Palgrave Dictionary of Economics, Second Edition, 2008