Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125151021> ?p ?o ?g. }
Showing items 1 to 70 of
70
with 100 items per page.
- W3125151021 abstract "In this paper, we derive an equilibrium in which some investors buy call/put options on the market portfolio while others sell them. Since investors are assumed to have similar risk-averse preferences, the demand for these contracts is not explained by differences in the shape of utility functions. Rather, it is the degree to which agents face other, non-hedgeable, background risks that determines their risk-taking behavior in the model. We show that investors with low or no background risk have a concave sharing rule, i.e., they sell options on the market portfolio, whereas investors with high background risk have a convex sharing rule and buy these options." @default.
- W3125151021 created "2021-02-01" @default.
- W3125151021 creator A5004260744 @default.
- W3125151021 creator A5023457951 @default.
- W3125151021 creator A5030172165 @default.
- W3125151021 date "1996-09-05" @default.
- W3125151021 modified "2023-09-27" @default.
- W3125151021 title "Who Buys and Who Sells Options: The Role and Pricing of Options in an Economy with Background Risk" @default.
- W3125151021 cites W1967491397 @default.
- W3125151021 cites W1975954757 @default.
- W3125151021 cites W1977632617 @default.
- W3125151021 cites W1999144987 @default.
- W3125151021 cites W2030090899 @default.
- W3125151021 cites W2048711016 @default.
- W3125151021 cites W2062212895 @default.
- W3125151021 cites W2076177276 @default.
- W3125151021 cites W2112408160 @default.
- W3125151021 cites W3023688799 @default.
- W3125151021 cites W3125769591 @default.
- W3125151021 hasPublicationYear "1996" @default.
- W3125151021 type Work @default.
- W3125151021 sameAs 3125151021 @default.
- W3125151021 citedByCount "0" @default.
- W3125151021 crossrefType "posted-content" @default.
- W3125151021 hasAuthorship W3125151021A5004260744 @default.
- W3125151021 hasAuthorship W3125151021A5023457951 @default.
- W3125151021 hasAuthorship W3125151021A5030172165 @default.
- W3125151021 hasConcept C106159729 @default.
- W3125151021 hasConcept C144133560 @default.
- W3125151021 hasConcept C162118730 @default.
- W3125151021 hasConcept C162324750 @default.
- W3125151021 hasConcept C175444787 @default.
- W3125151021 hasConcept C205706631 @default.
- W3125151021 hasConcept C2777302077 @default.
- W3125151021 hasConcept C2780821815 @default.
- W3125151021 hasConceptScore W3125151021C106159729 @default.
- W3125151021 hasConceptScore W3125151021C144133560 @default.
- W3125151021 hasConceptScore W3125151021C162118730 @default.
- W3125151021 hasConceptScore W3125151021C162324750 @default.
- W3125151021 hasConceptScore W3125151021C175444787 @default.
- W3125151021 hasConceptScore W3125151021C205706631 @default.
- W3125151021 hasConceptScore W3125151021C2777302077 @default.
- W3125151021 hasConceptScore W3125151021C2780821815 @default.
- W3125151021 hasLocation W31251510211 @default.
- W3125151021 hasOpenAccess W3125151021 @default.
- W3125151021 hasPrimaryLocation W31251510211 @default.
- W3125151021 hasRelatedWork W1562945619 @default.
- W3125151021 hasRelatedWork W182656032 @default.
- W3125151021 hasRelatedWork W2067673507 @default.
- W3125151021 hasRelatedWork W2078038684 @default.
- W3125151021 hasRelatedWork W2136703623 @default.
- W3125151021 hasRelatedWork W2147645849 @default.
- W3125151021 hasRelatedWork W2607971948 @default.
- W3125151021 hasRelatedWork W2758403924 @default.
- W3125151021 hasRelatedWork W2886310143 @default.
- W3125151021 hasRelatedWork W2993966739 @default.
- W3125151021 hasRelatedWork W305212019 @default.
- W3125151021 hasRelatedWork W3123160823 @default.
- W3125151021 hasRelatedWork W3125249989 @default.
- W3125151021 hasRelatedWork W3125406134 @default.
- W3125151021 hasRelatedWork W3164942824 @default.
- W3125151021 hasRelatedWork W3188163877 @default.
- W3125151021 hasRelatedWork W3202845326 @default.
- W3125151021 hasRelatedWork W62039455 @default.
- W3125151021 hasRelatedWork W1510161013 @default.
- W3125151021 hasRelatedWork W3122770547 @default.
- W3125151021 isParatext "false" @default.
- W3125151021 isRetracted "false" @default.
- W3125151021 magId "3125151021" @default.
- W3125151021 workType "article" @default.