Matches in SemOpenAlex for { <https://semopenalex.org/work/W2316573287> ?p ?o ?g. }
- W2316573287 endingPage "352" @default.
- W2316573287 startingPage "329" @default.
- W2316573287 abstract "In an incomplete market setting, we consider two financial agents who are willing to trade as counterparties a contract that represents a non-replicable indivisible contingent claim. Market incompleteness allows for an infinity of non-arbitrage prices at which the contract can be traded. Furthermore, indivisibility of the contract does not allow for equilibrium pricing. Assuming that the agents are utility maximizers who resort to indifference pricing, we suggest and explore a plausible scenario that allows for a natural interpretation of the agreed transaction price of the contract as the outcome of a sharing rule that takes into account the relative bargaining power of the two agents, expressed as a convex optimization problem. This leads to uniquely defined transaction prices, depending on the choice of parameters such as the bargaining power of the agents. The existence and uniqueness of such solutions is proved for a large family of utility functions, and a number of properties are stated and discussed. As an example, we analyse extensively the case where both agents have exponential utility." @default.
- W2316573287 created "2016-06-24" @default.
- W2316573287 creator A5013217506 @default.
- W2316573287 creator A5020073636 @default.
- W2316573287 creator A5053507134 @default.
- W2316573287 creator A5087432257 @default.
- W2316573287 date "2013-05-23" @default.
- W2316573287 modified "2023-10-16" @default.
- W2316573287 title "Contract pricing and utility sharing" @default.
- W2316573287 cites W1512569191 @default.
- W2316573287 cites W1557270667 @default.
- W2316573287 cites W1557733319 @default.
- W2316573287 cites W1562353621 @default.
- W2316573287 cites W1605934836 @default.
- W2316573287 cites W1865299725 @default.
- W2316573287 cites W1945597105 @default.
- W2316573287 cites W1964825244 @default.
- W2316573287 cites W1971845365 @default.
- W2316573287 cites W1974080307 @default.
- W2316573287 cites W1978153919 @default.
- W2316573287 cites W1979627408 @default.
- W2316573287 cites W1980240900 @default.
- W2316573287 cites W1996450459 @default.
- W2316573287 cites W1999131793 @default.
- W2316573287 cites W2001910686 @default.
- W2316573287 cites W2011254893 @default.
- W2316573287 cites W2017990047 @default.
- W2316573287 cites W2019291268 @default.
- W2316573287 cites W2027330494 @default.
- W2316573287 cites W2044381497 @default.
- W2316573287 cites W2049935418 @default.
- W2316573287 cites W2058563374 @default.
- W2316573287 cites W2061963820 @default.
- W2316573287 cites W2068888059 @default.
- W2316573287 cites W2071606512 @default.
- W2316573287 cites W2072766545 @default.
- W2316573287 cites W2076458153 @default.
- W2316573287 cites W2105832006 @default.
- W2316573287 cites W2124153301 @default.
- W2316573287 cites W2130304566 @default.
- W2316573287 cites W2144846366 @default.
- W2316573287 cites W2150733281 @default.
- W2316573287 cites W2161007682 @default.
- W2316573287 cites W2167264394 @default.
- W2316573287 cites W2263771924 @default.
- W2316573287 cites W3121641835 @default.
- W2316573287 cites W3121817076 @default.
- W2316573287 cites W3121997907 @default.
- W2316573287 cites W3124521936 @default.
- W2316573287 cites W3125152058 @default.
- W2316573287 cites W3216707380 @default.
- W2316573287 cites W403266949 @default.
- W2316573287 cites W44015496 @default.
- W2316573287 cites W603034032 @default.
- W2316573287 cites W2120631887 @default.
- W2316573287 doi "https://doi.org/10.1093/imaman/dpt011" @default.
- W2316573287 hasPublicationYear "2013" @default.
- W2316573287 type Work @default.
- W2316573287 sameAs 2316573287 @default.
- W2316573287 citedByCount "1" @default.
- W2316573287 countsByYear W23165732872016 @default.
- W2316573287 crossrefType "journal-article" @default.
- W2316573287 hasAuthorship W2316573287A5013217506 @default.
- W2316573287 hasAuthorship W2316573287A5020073636 @default.
- W2316573287 hasAuthorship W2316573287A5053507134 @default.
- W2316573287 hasAuthorship W2316573287A5087432257 @default.
- W2316573287 hasConcept C106159729 @default.
- W2316573287 hasConcept C134306372 @default.
- W2316573287 hasConcept C144237770 @default.
- W2316573287 hasConcept C160623529 @default.
- W2316573287 hasConcept C162324750 @default.
- W2316573287 hasConcept C175444787 @default.
- W2316573287 hasConcept C205706631 @default.
- W2316573287 hasConcept C2777021972 @default.
- W2316573287 hasConcept C2778475510 @default.
- W2316573287 hasConcept C33923547 @default.
- W2316573287 hasConcept C48057960 @default.
- W2316573287 hasConceptScore W2316573287C106159729 @default.
- W2316573287 hasConceptScore W2316573287C134306372 @default.
- W2316573287 hasConceptScore W2316573287C144237770 @default.
- W2316573287 hasConceptScore W2316573287C160623529 @default.
- W2316573287 hasConceptScore W2316573287C162324750 @default.
- W2316573287 hasConceptScore W2316573287C175444787 @default.
- W2316573287 hasConceptScore W2316573287C205706631 @default.
- W2316573287 hasConceptScore W2316573287C2777021972 @default.
- W2316573287 hasConceptScore W2316573287C2778475510 @default.
- W2316573287 hasConceptScore W2316573287C33923547 @default.
- W2316573287 hasConceptScore W2316573287C48057960 @default.
- W2316573287 hasIssue "3" @default.
- W2316573287 hasLocation W23165732871 @default.
- W2316573287 hasOpenAccess W2316573287 @default.
- W2316573287 hasPrimaryLocation W23165732871 @default.
- W2316573287 hasRelatedWork W1917804069 @default.
- W2316573287 hasRelatedWork W1997449144 @default.
- W2316573287 hasRelatedWork W2142359800 @default.
- W2316573287 hasRelatedWork W2145396592 @default.
- W2316573287 hasRelatedWork W2620603538 @default.
- W2316573287 hasRelatedWork W2798426720 @default.