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Record Nr. |
UNINA9910812945303321 |
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Autore |
Shiller Robert J |
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Titolo |
Macro markets : creating institutions for managing society's largest economic risks / / Robert J. Shiller |
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Pubbl/distr/stampa |
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Oxford, : Clarendon Press |
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New York, : Oxford University Press, 1993 |
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ISBN |
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0-19-102729-4 |
1-281-97830-2 |
0-585-38284-0 |
9786611978303 |
0-19-152165-5 |
0-19-828782-8 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (xi, 254 pages) : illustrations |
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Collana |
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Clarendon lectures in economics |
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Disciplina |
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Soggetti |
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Stock exchanges |
Risk |
Markets |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references (p. 228-240) and indexes. |
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Nota di contenuto |
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Preface; Acknowledgements; Contents; 1 Introduction; The ideal: A world market for major income risks; Hedging income risk in today's markets; Markets as inventions; Markets as accidents of history; 2 Psychological Barriers; Research on psychology and risk perceptions; Lack of information and ambiguity; Demand for insurance by firms; Social-psychological factors; Gambling behavior; Speculative behavior; Promoting proper public use of macro markets; Psychological barriers: summing up; 3 Mechanisms for Hedging Long Streams of Income; Settlement based on cash-market asset price |
Settlement based on measures of income rather than price; Exchange-guaranteed securities markets for perpetual claims on indices; Perpetual futures; Rational speculative bubbles; Appendix to Chapter 3: |
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