Unraveling in matching markets

Article Abstract:

An analysis of the incentives for early unraveling in matching markets reveals that contracting is more likely the smaller the applicant pool, the smaller the proportion of promising applicants and the greater the heterogenicity of the pool. The study reveals that unraveling causes inefficient assignments but provides insurance in incomplete markets. Moreover, contracting bans hurt less-promising applicants with effects on more-promising applicants dependent on how early contracting gains are shared.

Economics, Research and Development in the Social Sciences and Humanities, Futures market, Futures markets

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Applications of option-pricing theory: twenty-five years later

Article Abstract:

Option pricing has evolved into a sophisticated machinery that is often larger than cash markets and that option-pricing trade has grown to include most commodities. The future of option pricing would be on determining ways to remove business failures associated with derivatives and increased private sector-government cooperation not only in increasing derivatives use but also in increasing public awareness.

Options (Finance), Pricing

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Derivatives in a dynamic environment

Article Abstract:

The advent of information technology will push innovation in derivatives technology that users can expect greater sophistication and understanding of its use. Exchanges will continue to grow, organizations will be reshaped and the role of the academe in developing financial instruments will be greater than in the past. Moreover, the need for trained personnel will continue to increase globally.

Derivatives (Financial instruments)

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