The Role of Securities in the Optimal Allocation of Risk-bearing

19731,194 citationsBook Chapter

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Abstract

The theory of the optimal allocation of resources under conditions of certainty is well-known. In the present note, an extension of the theory to conditions of subjective uncertainty is considered.

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Stochastic processes and financial applications Economic and Technological Developments in Russia Economic theories and models

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DOI: 10.1007/978-1-349-15492-0_19

Field-Weighted Citation Impact: 170.63

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The Role of Securities in the Optimal Allocation of Risk-bearing

Authors

Abstract

Topics & Keywords

Publication Details