The compiled works of the man behind the evolution of quantitative finance. Finance, Economics, and Mathematics is the complete Vasicek reference work, including published and unpublished work and interviews with the man himself. The name Oldrich A. Vasicek is synonymous with cutting-edge...

Das Lehrbuch behandelt die grundlegenden Inhalte, die im Gebiet „Finance“ zum Standard geworden sind. Es ist unterteilt in die Module „Budgeting“, „Unternehmensfinanzierung“ und „Kapitalstruktur“. In der Neuauflage wurden die Inhalte aktualisiert, neu aufbereitet und gestrafft.

The paper investigates a model where two parties sequentially invest in a joint project (an asset). Investments and the project value are unverifiable, and A is wealth constrained so that an initial outlay must be financed by either agent B or an external investor C, say a bank. We show that an...