Who buys and who sells options: the role of options in an economy with background risk
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Publication:1270754
DOI10.1006/jeth.1998.2420zbMath0910.90009OpenAlexW2079023981MaRDI QIDQ1270754
Marti G. Subrahmanyam, Richard C. Stapleton, Guenter Franke
Publication date: 3 November 1998
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://semanticscholar.org/paper/da7d8110dc322a2269c3e6279956105e28074c96
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Related Items (6)
Optimal risk sharing with background risk ⋮ How suboptimal are linear sharing rules? ⋮ Incomplete markets and derivative assets ⋮ Equilibrium open interest ⋮ Effects of background risks on cautiousness with an application to a portfolio choice problem ⋮ Risk taking with additive and multiplicative background risks
Cites Work
- Preservation of More risk averse under expectations
- Proper Risk Aversion
- Risk Aversion with Random Initial Wealth
- Some Stronger Measures of Risk Aversion in the Small and the Large with Applications
- Risk Vulnerability and the Tempering Effect of Background Risk
- Standard Risk Aversion
- Risk Aversion in the Small and in the Large
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