Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Antifraud rules (1)
- Asset markets (1)
- Book review (1)
- Commodity futures (1)
- Consumers (1)
-
- Corporate finance (1)
- Corporate law (1)
- Corporations course (1)
- Curriculum (1)
- Derivative assets (1)
- Derivative products (1)
- Derivatives (1)
- Derivatives trading (1)
- Disclosure (1)
- Emerging markets (1)
- Financial economics (1)
- Financial options (1)
- Global securities offerings (1)
- Hedging (1)
- Insider trading (1)
- International Organization of Securities Commissions (IOSCO) (1)
- International Securities Law (1)
- International accounting standards (1)
- Law and economics (1)
- Law schools (1)
- Law students (1)
- Legal education (1)
- MOUs (1)
- Marc I. Steinberg (1)
- Option perspective (1)
Articles 1 - 3 of 3
Full-Text Articles in Law
A Normative Analysis Of New Financially Engineered Derivatives, Peter H. Huang
A Normative Analysis Of New Financially Engineered Derivatives, Peter H. Huang
Publications
This Article analyzes whether the introduction of new derivative assets makes a society better or worse off. Because trading such non-redundant derivatives produces new distributions of income across time and over possible future contingencies, individuals can utilize such financial instruments to hedge risks not possible before the introduction of these assets. Thus, it may seem that new derivatives unambiguously benefit society. In fact, introducing sufficiently many new derivatives completes asset markets. Asset markets are complete if trading on them can attain every possible payoff pattern of wealth across time and over possible future contingencies. The first fundamental theorem of welfare …
Book Review, Mark J. Loewenstein
Teaching Corporate Law From An Option Perspective, Peter H. Huang
Teaching Corporate Law From An Option Perspective, Peter H. Huang
Publications
No abstract provided.