MONOPOLISTIC SECURITY DESIGN IN FINANCE ECONOMIES

Asset markets are usually incomplete. Security exchanges often introduce derivative securities which partially complete the market. The marketmakers make profits through a bid-ask spread. We use computational methods to determine the profit-maximizing choice of options for a marketmaker and examine how the optimal option depends on tastes

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Year of publication:	2000-07-05
Authors:	Schmedders, Karl
Institutions:	Society for Computational Economics - SCE

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Extent:	application/pdf
Series:	Computing in Economics and Finance 2000.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Computing in Economics and Finance 2000 Number 129
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005537568