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Books in Economics and finance

Our Economics and Finance titles are essential reading for students, scholars, policymakers, and market practitioners who want to stay up-to-date with the latest research and foundational topics in the field, from financial markets and trade to e-commerce, econometrics, quantiative investing, financial technology, financial engineering, global finance, corporate finance, law and economics, macro and microeconomics, and risk management.

Titles manage to balance quality of content with the increasing demand for a wider view of the vast array of topics in the field of Economics and Finance.

BooksJournals

    • Auction Theory

      • 1st Edition
      • March 13, 2002
      • Vijay Krishna
      • English
      • Paperback
        9 7 8 0 1 2 3 8 8 6 6 4 4
      • eBook
        9 7 8 0 0 8 0 4 7 5 9 6 7
      Auction Theory is the standard reference on auctions and the first source of authoritative information about multi-unit auctions. The book develops the main concepts of auction theory from scratch in a self-contained and theoretically rigorous manner. It explores auctions and competitive bidding as games of incomplete information through detailed examinations of themes central to auction theory. This book complements its superb presentation of auction theory with clear and concise proofs of all results on bidding strategies, efficiency, and revenue maximization. It provides discussions on auction-related subjects, including private value auctions; the Revenue Equivalence Principle; auctions with interdependent values; the Revenue Ranking (Linkage) Principle; mechanism design with interdependent values; bidding rings; multiple object auctions; equilibrium and efficiency with private values; and nonidentical objects. This book is essential reading for graduate students taking courses on auction theory, the economics of information, or the economics of incentives, as well as for any serious student of auctions. It will also appeal to professional economists or business analysts working in contract theory, experimental economics, industrial organization, and microeconomic theory.

    • Handbook of Public Economics

      • 1st Edition
      • Volume 3
      • January 25, 2002
      • Martin Feldstein + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 8 2 3 1 4 4
      • eBook
        9 7 8 0 0 8 0 5 4 4 1 9 9
      The Field of Public Economics has been changing rapidly in recent years, and the sixteen chapters contained in this Handbook survey many of the new developments. As a field, Public Economics is defined by its objectives rather than its techniques and much of what is new is the application of modern methods of economic theory and econometrics to problems that have been addressed by economists for over two hundred years. More generally, the discussion of public finance issues also involves elements of political science, finance and philosophy. These connections are evidence in several of the chapters that follow. Public Economics is the positive and normative study of government's effect on the economy. We attempt to explain why government behaves as it does, how its behavior influences the behavior of private firms and households, and what the welfare effects of such changes in behavior are. Following Musgrave (1959) one may imagine three purposes for government intervention in the economy: allocation, when market failure causes the private outcome to be Pareto inefficient, distribution, when the private market outcome leaves some individuals with unacceptably low shares in the fruits of the economy, and stabilization, when the private market outcome leaves some of the economy's resources underutilized. The recent trend in economic research has tended to emphasize the character of stabilization problems as problems of allocation in the labor market. The effects that government intervention can have on the allocation and distribution of an economy's resources are described in terms of efficiency and incidence effects. These are the primary measures used to evaluate the welfare effects of government policy.

    • Handbook of Agricultural Economics

      • 1st Edition
      • Volume 1A
      • December 6, 2001
      • Bruce L. Gardner + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 5 0 7 2 8 0
      • eBook
        9 7 8 0 0 8 0 8 8 5 9 2 6
      This first volume of the "Handbook of Agricultural Economics" presents work on topics central to the economics of agriculture: the quantitative representation of technology; market expectations; household production behaviour; consumer behaviour with uncertain quality and safety of goods; and issues of imperfect competition in food marketing. Volume 1A treats issues in agricultural production, representing the consequences of decades of work deepening and widening the original focus of agricultural economics on farm management. In addition to the theory and estimation of production and supply behaviour in agriculture, chapters are devoted to topics on which major advancements have been made: technological change; returns to agricultural research; the industrial structure of agriculture, land institutions and markets; and human capital and finance. Two chapters are further specialized to rural labour and household issues: migration and the role of women in developing countries.

    • Handbook of Agricultural Economics

      • 1st Edition
      • Volume 1B
      • December 6, 2001
      • Bruce L. Gardner + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 5 0 7 2 9 7
      • eBook
        9 7 8 0 0 8 0 8 8 5 9 3 3

    • Handbook of Agricultural Economics

      • 1st Edition
      • Volume 1AB
      • December 6, 2001
      • Bruce L. Gardner + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 8 2 5 8 8 9
      • eBook
        9 7 8 0 0 8 0 9 3 3 4 0 5
      This two volume set presents work on topics central to the economics of agriculture - the quantitative representation of technology, market expectations, household production behaviour, consumer behaviour with uncertain quality and safety of goods, and issues of imperfect competition in food marketing. Volume Ia treats issues in agricultural production, representing the consequences of decades of work deepening and widening the original focus of agricultural economics on farm management. In addition to the theory and estimation of production and supply behaviour in agriculture, chapters are devoted to topics on which major advancements have been made: technological change; returns to agricultural research; the industrial structure of agriculture; land institutions and markets; and human capital and finance. Two chapters are further specialized to rural labour and household issues: migration and the role of women in developing countries. Volume Ib deals with the economics of agricultural products after they leave the farm. Seven chapters explain developments in application of dual approaches in household economies, the industrial organization of food marketing, marketing margins between farm and retail prices, spatial price analysis, commodity storage and price stabilization, commodity futures and options markets, and the economics of food safety. Volumes Ia and Ib each follow their specialized chapters with a synthesis chapter that brings together and assesses the main themes and issues of the field, and volume Ib concludes with an overall synthesis of the state of and prospects for agricultural economics as applied economic science.

    • Economics for Financial Markets

      • 1st Edition
      • November 23, 2001
      • Brian Kettell
      • English
      • Paperback
        9 7 8 0 0 8 0 9 7 2 9 7 8
      • Hardback
        9 7 8 0 7 5 0 6 5 3 8 4 8
      • eBook
        9 7 8 0 0 8 0 4 9 4 6 3 0
      Successful trading, speculating or simply making informed decisions about financial markets means it is essential to have a firm grasp of economics. Financial market behaviour revolves around economic concepts, however the majority of economic textbooks do not tell the full story.To fully understand the behaviour of financial markets it is essential to have a model that enables new information to be absorbed and analysed with some predictive implications. That model is provided by the business cycle. 'Economics for Financial Markets' takes the reader from the basics of financial market valuation to a more sophisticated understanding of the actions that traders take which ultimately drives the volatility in the financial markets. The author shows traders, investment managers, risk managers and finance professionals how to distil the flow of information and show what needs to be concentrated on, covering topics such as:* Why are financial markets subject to economic fashions?* How has the New Economy changed financial market behaviour? * Does the creation of the euro fundamentally change the behaviour of the currency markets?

    • The International Potato Industry

      • 1st Edition
      • November 1, 2001
      • Joseph Guenthner
      • English
      • eBook
        9 7 8 1 8 5 5 7 3 8 8 4 3
      This is the first book to provide a comprehensive overview of the world trade in one of the most important of our basic foodstuffs – potatoes. It covers everything from the history of the potato through to plant types and uses, production, consumption and demand, and pricing. It goes on to cover the trade in potatoes around the world. Since the different potato products flow in separate channels – fresh potatoes, frozen potatoes, seed potatoes and the snack and dehydrated trade – each is described individually. The international potato industry is a fascinating reference source which is essential reading not only for the growers, processors, retailers, marketers and others involved in the production chain but also for agricultural economists, fresh produce brokers and traders and national and international economic planning agencies.

    • Shareholder Value - A Business Experience

      • 1st Edition
      • October 23, 2001
      • RoyE. Johnson
      • English
      • Paperback
        9 7 8 0 0 8 0 9 7 2 9 5 4
      • Hardback
        9 7 8 0 7 5 0 6 5 3 8 2 4
      • eBook
        9 7 8 0 0 8 0 4 9 8 1 3 3
      Shareholder Value presents a powerful and useful toolkit of market-based perspectives, analytic approaches, valuation techniques, and specific financial metrics for use in everyday business life. The author helps a broad spectrum of professionals understand the salient points and real world implications of a 'value management' movement which has taken hold in many corporations in the United States and around the world. This movement is being supported by some of the major institutional investors who influence financial markets. The main goal of 'Shareholder Value' is to help working professionals grasp the concept of value 'creators' and 'destroyers', along with the implications. He also provides tools to measure the success (or failure) of major strategic and operational initiatives and enables corporate managers to understand how shareholder value is created, and then directs behaviour toward 'value-based' planning and action. Although mainly aimed at the professional market, 'Shareholder Value' will also be of use to students of business and finance as it is intended to provide a comprehensive foundation for important elements of business strategy and acquisition valuation, corporate financial analysis, capital investments, corporate financing and economic value based metrics.AUTHOR'S REVIEW:When developing this book, I strived to achieve the following: Provide the finance professional and student of finance with a comprehensive template of shareholder value concepts and techniques - geared toward use in a corporate setting Give the non-financial professional an understanding of the underpinnings and behavioural aspects of economic value management Outline and provide details of an effective process for implementing a value-based financial performance system within a corporation ...And, combine learning with enjoyable reading by presenting technical material through a story. The "story" and "characters" are unique features of Shareholder Value - A Business Experience. The reader can get an appreciation of the environment surrounding value-based management, along with challenges that arise when transitioning from traditional "accounting" performance (where earnings and earnings per share reign supreme) to "economic" performance (where cash flow and return on investment are emphasized). Characters occupying operating and staff roles have been created to represent people that those working inside companies (large, medium and small) may encounter and, also, to invoke some humour. Insights into how to function in different corporate roles can be gained by following the characters through the story.

    • Managing Downside Risk in Financial Markets

      • 1st Edition
      • September 20, 2001
      • Frank A. Sortino + 1 more
      • English
      • Paperback
        9 7 8 0 0 8 0 9 7 1 8 3 4
      • eBook
        9 7 8 0 0 8 0 4 9 6 2 0 7
      Quantitative methods have revolutionized the area of trading, regulation, risk management, portfolio construction, asset pricing and treasury activities, and governmental activity such as central banking to name but some of the applications. Downside-risk, as a quantitative method, is an accurate measurement of investment risk, because it captures the risk of not accomplishing the investor's goal.'Downside Risk in Financial Markets' demonstrates how downside-risk can produce better results in performance measurement and asset allocation than variance modelling. Theory, as well as the practical issues involved in its implementation, is covered and the arguments put forward emphatically show the superiority of downside risk models to variance models in terms of risk measurement and decision making. Variance considers all uncertainty to be risky. Downside-risk only considers returns below that needed to accomplish the investor's goal, to be risky.Risk is one of the biggest issues facing the financial markets today. 'Downside Risk in Financial Markets' outlines the major issues for Investment Managers and focuses on "downside-risk" as a key activity in managing risk in investment/portfolio management. Managing risk is now THE paramount topic within the financial sector and recurring losses through the 1990s has shocked financial institutions into placing much greater emphasis on risk management and control.Free Software Enclosed To help you implement the knowledge you will gain from reading this book, a CD is enclosed that contains free software programs that were previously only available to institutional investors under special licensing agreement to The pension Research Institute. This is our contribution to the advancement of professionalism in portfolio management.The Forsey-Sortino model is an executable program that:1. Runs on any PC without the need of any additional software.2. Uses the bootstrap procedure developed by Dr. Bradley Effron at Stanford University to uncover what could have happened, instead of relying only on what did happen in the past. This is the best procedure we know of for describing the nature of uncertainty in financial markets. 3. Fits a three parameter lognormal distribution to the bootstrapped data to allow downside risk to be calculated from a continuous distribution. This improves the efficacy of the downside risk estimates.4. Calculates upside potential and downside risk from monthly returns on any portfolio manager. 5. Calculates upside potential and downside risk from any user defined distribution.Forsey-... Source Code:1. The source code, written in Visual Basic 5.0, is provided for institutional investors who want to add these calculations to their existing financial services. 2. No royalties are required for this source code, providing institutions inform clients of the source of these calculations. A growing number of services are now calculating downside risk in a manner that we are not comfortable with. Therefore, we want investors to know when downside risk and upside potential are calculated in accordance with the methodology described in this book. Riddles Spreadsheet:1. Neil Riddles, former Senior Vice President and Director of Performance Analysis at Templeton Global Advisors, now COO at Hansberger Global Advisors Inc., offers a free spreadsheet in excel format.2. The spreadsheet calculates downside risk and upside potential relative to the returns on an index

    • Advances in Investment Analysis and Portfolio Management

      • 1st Edition
      • Volume 8
      • September 14, 2001
      • Cheng-Few Lee
      • English
      • Hardback
        9 7 8 0 7 6 2 3 0 7 9 8 2
      • eBook
        9 7 8 0 0 8 0 5 4 3 9 7 0
      This research annual publication intends to bring together investment analysis and portfolio theory and their implementation to portfolio management. It seeks theoretical and empirical research manuscripts with high quality in the area of investment and portfolio analysis. The contents will consist of original research on: The principles of portfolio management of equities and fixed-income securities. The evaluation of portfolios (or mutual funds) of common stocks, bonds, international assets, and options. The dynamic process of portfolio management. Strategies of international investments and portfolio management. The applications of useful and important analytical techniques such as mathematics, econometrics, statistics, and computers in the field of investment and portfolio management. Theoretical research related to options and futures. In addition, it also contains articles that present and examine new and important accounting, financial, and economic data for managing and evaluating portfolios of risky assets.

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Agricultural and natural resource economics

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Macroeconomic and monetary economics

Mathematical and quantitative methods

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