Matches in SemOpenAlex for { <https://semopenalex.org/work/W1506680192> ?p ?o ?g. }
Showing items 1 to 73 of
73
with 100 items per page.
- W1506680192 abstract "Many of the consequences of issuing and purchasing options on publicly traded property have been well understood since Black and Scholes developed a model for option pricing. No model of options, however, provides an accurate economic analysis of the actual transactions that issuers and purchasers engage in when options are bought and sold. One consequence of this gap in understanding is that the rules for taxing options remain poorly developed. This article provides a transactional analysis of option sales for the first time. It demonstrates that while all options have as one component a swap of variable risks or returns on the underlying property for a fixed payment, “in-the-money” options contain, in addition, a simple forward transfer of the benefits and correlative burdens of a part of the underlying property that is equivalent to a forward sale of that part. Commentators have not identified this embedded forward sale because the payment arrangement between the parties to the option transaction masks it; however, a comparison of option prices derived under the Black-Scholes model and the theoretical prices of such forwards demonstrates that the transactions are identical. The analysis also illuminates the relationships between options and other common financial transactions, such as collars, and it permits a clear assessment of the advantages and disadvantages of possible tax rules for financial options." @default.
- W1506680192 created "2016-06-24" @default.
- W1506680192 creator A5005244238 @default.
- W1506680192 date "2010-10-18" @default.
- W1506680192 modified "2023-09-28" @default.
- W1506680192 title "Financial Options in the Real World - An Economic and Tax Analysis" @default.
- W1506680192 hasPublicationYear "2010" @default.
- W1506680192 type Work @default.
- W1506680192 sameAs 1506680192 @default.
- W1506680192 citedByCount "0" @default.
- W1506680192 crossrefType "posted-content" @default.
- W1506680192 hasAuthorship W1506680192A5005244238 @default.
- W1506680192 hasConcept C10138342 @default.
- W1506680192 hasConcept C138170105 @default.
- W1506680192 hasConcept C144133560 @default.
- W1506680192 hasConcept C145097563 @default.
- W1506680192 hasConcept C158016649 @default.
- W1506680192 hasConcept C162118730 @default.
- W1506680192 hasConcept C162324750 @default.
- W1506680192 hasConcept C162853370 @default.
- W1506680192 hasConcept C164516710 @default.
- W1506680192 hasConcept C194483076 @default.
- W1506680192 hasConcept C199360897 @default.
- W1506680192 hasConcept C2777203310 @default.
- W1506680192 hasConcept C2777600642 @default.
- W1506680192 hasConcept C2778813691 @default.
- W1506680192 hasConcept C41008148 @default.
- W1506680192 hasConcept C75949130 @default.
- W1506680192 hasConcept C99821215 @default.
- W1506680192 hasConceptScore W1506680192C10138342 @default.
- W1506680192 hasConceptScore W1506680192C138170105 @default.
- W1506680192 hasConceptScore W1506680192C144133560 @default.
- W1506680192 hasConceptScore W1506680192C145097563 @default.
- W1506680192 hasConceptScore W1506680192C158016649 @default.
- W1506680192 hasConceptScore W1506680192C162118730 @default.
- W1506680192 hasConceptScore W1506680192C162324750 @default.
- W1506680192 hasConceptScore W1506680192C162853370 @default.
- W1506680192 hasConceptScore W1506680192C164516710 @default.
- W1506680192 hasConceptScore W1506680192C194483076 @default.
- W1506680192 hasConceptScore W1506680192C199360897 @default.
- W1506680192 hasConceptScore W1506680192C2777203310 @default.
- W1506680192 hasConceptScore W1506680192C2777600642 @default.
- W1506680192 hasConceptScore W1506680192C2778813691 @default.
- W1506680192 hasConceptScore W1506680192C41008148 @default.
- W1506680192 hasConceptScore W1506680192C75949130 @default.
- W1506680192 hasConceptScore W1506680192C99821215 @default.
- W1506680192 hasLocation W15066801921 @default.
- W1506680192 hasOpenAccess W1506680192 @default.
- W1506680192 hasPrimaryLocation W15066801921 @default.
- W1506680192 hasRelatedWork W1020334870 @default.
- W1506680192 hasRelatedWork W1519666642 @default.
- W1506680192 hasRelatedWork W1541521695 @default.
- W1506680192 hasRelatedWork W1927967874 @default.
- W1506680192 hasRelatedWork W1985544375 @default.
- W1506680192 hasRelatedWork W1991070483 @default.
- W1506680192 hasRelatedWork W2079534082 @default.
- W1506680192 hasRelatedWork W2080310484 @default.
- W1506680192 hasRelatedWork W2087953868 @default.
- W1506680192 hasRelatedWork W2160356582 @default.
- W1506680192 hasRelatedWork W2270851902 @default.
- W1506680192 hasRelatedWork W2321977465 @default.
- W1506680192 hasRelatedWork W2354956605 @default.
- W1506680192 hasRelatedWork W2386664660 @default.
- W1506680192 hasRelatedWork W2502679400 @default.
- W1506680192 hasRelatedWork W3122108383 @default.
- W1506680192 hasRelatedWork W3124174141 @default.
- W1506680192 hasRelatedWork W3124775192 @default.
- W1506680192 hasRelatedWork W622072301 @default.
- W1506680192 hasRelatedWork W2116455234 @default.
- W1506680192 isParatext "false" @default.
- W1506680192 isRetracted "false" @default.
- W1506680192 magId "1506680192" @default.
- W1506680192 workType "article" @default.