Financial Economics has quickly established itself as a strong and growing market. Introduction to Financial Economics by Frank Fabozzi, Edwin Neave, and Gaofu Zhou presents an introduction to basic financial ideas through a strong grounding in microeconomic theory. This calculus based text...

With a view to providing economic interpretations of temporal changes in Risk-Neutral Probability Distributions (RNPDs), this article estimates RNPDs from option prices, then studies the expected excess returns on a fixed-strategy reference portfolio constructed from RNPD-defined contingent...