T. Daniel Coggin, Frank J. Fabozzi , Handbook of Equity Style Management

A fully updated guide to equity style management
Pioneered by Nobel laureate William Sharpe, equity style management is derived from a correlation analysis of various equity style categories, such as value, growth, small cap, large cap and foreign stocks. In the Third Edition of The Handbook of Equity Style Management, twenty contributors from industry and academia help readers understand various equity style management issues, including equity style indices, different approaches to equity style measurement, foreign stock investing, tactical style management, behavioral aspects of equity style, and equity style benchmarks for manager selection and performance attribution. This updated edition gives readers the rationale behind equity style management, and shows how new strategies can be used to manage risk and improve returns.
T. Daniel Coggin, PhD (Charlotte, NC), is an investment management consultant who has coauthored three books and numerous articles on investment management. Frank J. Fabozzi, PhD, CFA (New Hope, PA), is Editor of The Journal of Portfolio Management and author or editor of over 100 books on finance and investing.


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J. Samuel Barkin, "Social Construction and the Logic of Money: Financial Predominance and International Economic Leadership"

Examines the nature of international economic leadership since the seventeenth century


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Asli Demirguc-Kunt , Ross Levine, "Financial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development "

This is the first broad cross-country assessment of the ties between financial structure -- the mix of financial instruments, institutions, and markets in a given economy -- and economic growth since Raymond Goldsmith's 1969 landmark study. Most studies focus on developed countries and compare bank-based and market-based systems. Debates over the relative merits of the two systems have relied on case studies of Germany, Japan, the United Kingdom, and the United States, countries with similar long-run growth rates. The absence of data on developing countries limits the usefulness of such studies for policy makers.

The book contains recently acquired cross-country data from almost 150 countries. It includes information on the size, efficiency, and activity of banks, insurance companies, pension and mutual funds, finance companies, and stock and bond markets. It also incorporates information on each country's political, economic, and social environment. The chapters contain a mix of case studies, cross-country studies, macro- and micro-oriented approaches, and analytical and empirical work. The conclusions point not to markets versus banks, but to markets and banks. It is how well a financial system functions that is critical for long-run economic growth. The research suggests that strong legal rights for outside investors and the overall efficiency of contract enforcement are effective tools for developing the financial sector and the economy. The book includes a CD containing World Bank data.


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Eckhard Platen, David Heath, "A Benchmark Approach to Quantitative Finance"

The benchmark approach provides a general framework for financial market modeling, which extends beyond the standard risk-neutral pricing theory. It permits a unified treatment of portfolio optimization, derivative pricing, integrated risk management and insurance risk modeling. The existence of an equivalent risk-neutral pricing measure is not required. Instead, it leads to pricing formulae with respect to the real-world probability measure. This yields important modeling freedom which turns out to be necessary for the derivation of realistic, parsimonious market models. The first part of the book describes the necessary tools from probability theory, statistics, stochastic calculus and the theory of stochastic differential equations with jumps. The second part is devoted to financial modeling by the benchmark approach. Various quantitative methods for the real-world pricing and hedging of derivatives are explained. The general framework is used to provide an understanding of the nature of stochastic volatility. The book is intended for a wide audience that includes quantitative analysts, postgraduate students and practitioners in finance, economics and insurance. It aims to be a self-contained, accessible but mathematically rigorous introduction to quantitative finance for readers that have a reasonable mathematical or quantitative background. Finally, the book should stimulate interest in the benchmark approach by describing some of its power and wide applicability.


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Bezalel Peleg, Peter Sudhölter, "Introduction to the Theory of Cooperative Games"

This book systematically presents the main solutions of cooperative games: the core, bargaining set, kernel, nucleolus, and the Shapley value of TU games, and the core, the Shapley value, and the ordinal bargaining set of NTU games. To each solution the authors devote a separate chapter wherein they study its properties in full detail. Moreover, important variants are defined or even intensively analyzed. The authors also investigate in separate chapters continuity, dynamics, and geometric properties of solutions of TU games. The study culminates in uniform and coherent axiomatizations of all the foregoing solutions (excluding the bargaining set). Such axiomatizations have not appeared in any book. Moreover, the book contains a detailed analysis of the main results on cooperative games without side payments. Such analysis is very limited or non-existent in other books on game theory.


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Gerard Cornuejols, Reha Tutuncu, "Optimization Methods in Finance"

Optimization models play an increasingly important role in financial decisions. This is the first textbook devoted to explaining how recent advances in optimization models, methods and software can be applied to solve problems in computational finance more efficiently and accurately. Chapters discussing the theory and efficient solution methods for all major classes of optimization problems alternate with chapters illustrating their use in modeling problems of mathematical finance. The reader is guided through topics such as volatility estimation, portfolio optimization problems and constructing an index fund, using techniques such as nonlinear optimization models, quadratic programming formulations and integer programming models respectively. The book is based on Master's courses in financial engineering and comes with worked examples, exercises and case studies. It will be welcomed by applied mathematicians, operational researchers and others who work in mathematical and computational finance and who are seeking a text for self-learning or for use with courses.


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Keith Ferrazzi, Tahl Raz , "Never Eat Alone: And Other Secrets to Success, One Relationship at a Time"

The youngest partner in Deloitte Consulting's history and founder of the consulting company Ferrazzi Greenlight, the author quickly aims in this useful volume to distinguish his networking techniques from generic handshakes and business cards tossed like confetti. At conferences, Ferrazzi practices what he calls the "deep bump" - a "fast and meaningful" slice of intimacy that reveals his uniqueness to interlocutors and quickly forges the kind of emotional connection through which trust, and lots of business, can soon follow. That bump distinguishes this book from so many others that stress networking; writing with Fortune Small Business editor Raz, Ferrazzi creates a real relationship with readers. Ferrazzi may overstate his case somewhat when he says, "People who instinctively establish a strong network of relationships have always created great businesses," but his clear and well-articulated steps for getting access, getting close and staying close make for a substantial leg up. Each of 31 short chapters highlights a specific technique or concept, from "Warming the Cold Call" and "Managing the Gatekeeper" to following up, making small talk, "pinging" (or sending "quick, casual" greetings) and defining oneself to the point where one's missives become "the e-mail you always read because of who it's from." In addition to variations on the theme of hard work, Ferrazzi offers counterintuitive perspectives that ring true: "vulnerability... is one of the most underappreciated assets in business today"; "too many people confuse secrecy with importance." No one will confuse this book with its competitors.


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A.J. Field , William A. Sundstrom, G. Clark, "Research in Economic History, Volume 23"

This volume of Research in Economic History includes eight papers. Five were submitted through regular channels and three papers which were solicited at the conference Toward a Global History of Prices and Wages. Following is Nonnenmachers study of the early years of the telegraph industry in the United States. The third paper is Herranz-Loncáns estimates of the growth of the Spanish infrastructure between 1844 and 1935. Then there are two papers based on microeconomic data. The first is the investigation by James, Palumbo and Thomas of late nineteenth century saving among working class families in the United States. The second is Murrays study of the operation of pioneering sickness insurance schemes in several European countries between 1895 and 1908. Finally, the three papers from the conference. In the first of these papers, Pamuk studies trends in urban construction workers wages in the Eastern Mediterranean over almost a millennium. The following paper by Bassino and Ma examines wages of Japanese unskilled workers between 1741 and 1913. In the final paper, Ward and Devereux present estimates of the relative income of the United Kingdom in comparison with that of the United States for 1831, 1839, 1849, 1859 and 1869.


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Fereidoon Perry Sioshansi, Wolgang Pfaffenberger, "Electricity Market Reform An International Perspective"

Since the late 1980s, policy makers and regulators in a number of countries have liberalized, restructured or deregulated their electric power sector, typically by introducing competition at the generation and retail level. These experiments have resulted in vastly different outcomes - some highly encouraging, others utterly disastrous. However, many countries continue along the same path for a variety of reasons.

This book examines the most important competitive electricity markets around the world and provides definitive answers as to why some markets have performed admirably, while others have utterly failed, often with dire financial and cost consequences.

The lessons contained within are direct relevance to regulators, policy makers, the investment community, industry, academics and graduate students of electricity markets worldwide.

· Covers electicity market liberalization and deregulation on a worldwide scale
· Features expert contributions from key people within the electricity sector


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Janet Laible, Henri J. Barkey, "European Responses to Globalization: Resistance, Adaptation and Alternatives, Volume 88 (Contemporary Studies in Econo

This volume brings together contributions from anthropologists, political scientists, economics and policy professionals to explore the institutional, economic and ideational factors that shape the ways in which Europe has adapted to, resisted, and creatively responded to the challenges of globalization. Contributors to this volume were asked to consider the extent to which globalization is driving policy-making in contemporary Europe, and the extent to which Europe itself is influencing the shape, quality and velocity of globalization.

Discussions in this volume reveal three main strategies adopted by European political actors in their efforts to respond to globalization: resistance, adaptation (and at times the mutual adaptation between the European and global environments), and the production of alternatives to global norms and practices. Yet while politicians and citizens may call for European responses to globalization, the contributors to this volume suggest that Europe and globalization already exist in a relationship of reciprocal causality, in which European responses have provoked and will continue to provoke transformations of globalized forces, and that such responses feed back intentionally and unintentionally into domestic politics, economics and culture in Europe.

This volume thus makes a provocative and innovative contribution to current academic literatures on globalization across the domains of social science.

*Contributors come from a variety of backgrounds to give this volume an inter-disciplinary approach
*Discussions reveal European strategies to respond to globalization and an analysis of these solutions
*An excellent resource for any researcher interested in examining the relationship between Europe and globalization


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J. Timothy Sale , " Advances in International Accounting, Volume 19"

Advances in International Accounting is a refereed, academic research annual, that is devoted to publishing articles about advancements in the development of accounting and its related disciplines from an international perspective. This serial examines how these developments affect the financial reporting and disclosure practices, taxation, management accounting practices, and auditing of multinational corporations, as well as their effect on the education of professional accountants worldwide.

Advances in International Accounting welcomes traditional and alternative approaches, including theoretical research, empirical research, applied research, and cross-cultural studies.

*Adopts an international perspective while addressing unique accounting issues
*Peer-reviewed and credible contributions make this a valuable resource for scholars, researchers, and students


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John Y. Lee, Marc J. Epstein, " Advances in Management Accounting, Volume 15 "

Advances in Management Accounting (AIMA)
publishes well-developed articles on a variety of current topics in management accounting that are relevant to researchers in both practice and academe. As one of the premier management accounting research journals, AIMA is well poised to meet the needs of management accounting scholars.

Featured in Volume 15 are articles on: low-intensity R&D and capital budgeting decisions in IT firms; investment decision in modular manufacturing systems within a critical thinking framework; reliability and validity of balanced scorecard measures and dimensions; decision outcomes under activity based-costing; presentation and decision commitment interactions; decision control of products developed using target costing; strategic budgeting and information symmetry; a performance management model; CEO compensation and firm performance; specialized journals and management accounting research paradigms; knowledge management systems for knowledge-products organizations; and trust and commitment as intangible drivers of interorganizational performance.
Researchers in both practice and academe, as well as libraries, would be interested in the articles featured in the AIMA.


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Warren J. Samuels , Jeff E. Biddle , Ross B. Emmett, " Research in the History of Economic Thought and Methodology, Volume 24 A-C"

Research in the History of Economic Thought and Methodology


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Gary Previts, "Research in Accounting Regulation, Volume 18 "

The scope of service provided by professional accountants is influenced by legislation and case law as well as the dictates of a variety of government and private sector agencies; including State Boards of Accountancy, Academic Accreditation Bodies, the United States Securities and Exchange Commission, the Public Accounting Oversight Board, independent standard setting bodies such as the Federal Accounting Standards Advisory Board [US], the Financial Accounting Standards Board [US] and the International Accounting Standards Board. These entities and self-regulatory organizations such as U.S. State Societies of CPAs and the American Institute of Certified Public Accountants
and equivalent and emerging national bodies that exist in most developed and developing countries, are among the emerging entities which attempt to coordinate the activities of professional accountants among sovereign nations. It is important for academics, students, practitioners, regulators and researchers to consider and study the role and relationship of such bodies with the practice and content of our discipline.


Research in Accounting Regulation seeks high quality manuscripts which address accounting regulatory policy, broadly defined, including:

1. self regulatory activities

2. case law and litigation

3. legislation and government regulation

4. the economics of regulation of markets, and disclosure, including modeling

5. matters involving the structure of education, licensing, and accreditation

The editors encourage submission of original empirical, behavioral or applied research manuscripts which consider strategic and policy implications for regulation, regulatory models and markets. It is intended for individual researchers, practitioners, regulators and students of accountancy who desire to increase their understanding of the regulation of accoun


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Bernard Salanie, "The Economics of Contracts: A Primer"

The theory of contracts grew out of the failure of the general equilibrium model to account for the strategic interactions among agents that arise from informational asymmetries. This popular text, revised and updated throughout for the second edition, serves as a concise and rigorous introduction to the theory of contracts for graduate students and professional economists. The book presents the main models of the theory of contracts, particularly the basic models of adverse selection, signaling, and moral hazard. It emphasizes the methods used to analyze the models, but also includes brief introductions to many of the applications in different fields of economics. The goal is to give readers the tools to understand the basic models and create their own.

For the second edition, major changes have been made to chapter 3, on examples and extensions for the adverse selection model, which now includes more thorough discussions of multiprincipals, collusion, and multidimensional adverse selection, and to chapter 5, on moral hazard, with the limited liability model, career concerns, and common agency added to its topics. Two chapters have been completely rewritten: chapter 7, on the theory of incomplete contracts, and chapter 8, on the empirical literature in the theory of contracts. An appendix presents concepts of noncooperative game theory to supplement chapters 4 and 6. Exercises follow chapters 2 through 5.


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Arne Sandstrom, "Solvency: Models, Assessment and Regulation"

Review
Solvency is a central theme for the insurance business. The book under review is the first available reference to offer a comprehensive account of the recent solvency work conducted in Europe. It provides a nice and very useful summary of the recent developments in the important area of asset and liability management that have been carried out in recent years, answering the insurance industry's demand in the wake of the EU's Solvency II project. ....This book is well written, well organized and a very rich source of useful information for decision makers in the insurance industry, practitioners of the actuarial profession and financial asset managers. Researchers in both the fields of actuarial science and financial economics may find it informative and inspiring to further research in the field of asset and liability modeling.
-- Scandinavian Actuarial Journal

Book Description
Until now there were no published analyses of the recent solvency work conducted in Europe, specifically the risk categories proposed by the International Actuarial Association (IAA). Answering the insurance industry's demand in the wake of the EU Solvency II project, Solvency: Models, Assessment and Regulation provides a concrete summary and review of solvency and inspires additional work in the field. Following an introduction to the concept, the first section of the book provides a historical review of solvency, detailing solvency regulation and accounting within the EU. A review of the steps leading to Solvency II looks at accounting, supervision, the actuarial field, the first phase of Solvency II, international approaches to banking, and the solvency systems of 12 major nations. The second section explores the current basis for solvency modeling, focusing on the valuation of assets and liabilities, dependency and various conservative approaches, as well as a baseline and benchmark approach. This section also provides examples of risk structure and the effects of diversification. The final section discusses groups and internal modeling as it relates to EU Solvency II. It addresses insurance groups, financial conglomerates, reinsurance, the importance of internal modeling and stress testing, and the current state of the second phase of EU Solvency II.


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John Y. Lee , Marc J. Epstein, "Advances in Management Accounting, Volume 14 "

Advances in Management Accounting (AIMA) publishes well-developed articles on a variety of current topics in management accounting that are relevant to researchers in both practice and academe. As one of the premier management accounting research journals, AIMA is well poised to meet the needs of management accounting scholars.

Featured in Volume 14 are articles on: quality-based incentives in measuring non-financial performance of healthcare industry; revenue drivers in the accounting literature; judgmental effects in the use of performance measurement systems; the influence of IS quality information, corporate environmental integration, product innovation, and product quality on organizational performance; managing and controlling environmental performance, implications of strategic organizational development (the Pyramid) in accounting, information, and control; interactive effects involving product development organizations and target cost management; antecedents and consequences of budget participation; the impact of employee rank on attitudes, motivation and performance; expectancy theory as the basis for activity-based costing systems implementation; and dysfunctionality in performance measurement when outputs are difficult to measure.

Researchers in both practice and academe, as well as libraries, would be interested in the articles featured in the AIMA.


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J. Timothy Sale, "Advances in International Accounting"

Advances in International Accounting is a refereed, academic research annual, that is devoted to publishing articles about advancements in the development of accounting and its related disciplines from an international perspective. This serial examines how these developments affect the financial reporting and disclosure practices, taxation, management accounting practices, and auditing of multinational corporations, as well as their effect on the education of professional accountants worldwide.

Advances in International Accounting welcomes traditional and alternative approaches, including theoretical research, empirical research, applied research, and cross-cultural studies.


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Thomas McCafferty, "The Market Is Always Right"

Even with today's high-speed computers, online accounts, and information access, traders still live or die based on their abilities to control fear, greed, and emotion. The Market Is Always Right gives traders battle-proven advice for avoiding common trading setbacks by understanding human natureboth their own and others'and directing it toward profitable outcomes.

Distilling the wisdom of hundreds of traders, this proactive book starts with 10 overriding rulesfor example, "Evaluate your performance"and then lists the subrules within each, such as "Qualify and quantify your trading pattern." Other examples include:
Never chase trades
Watch the opendon't trade it
When in doubt, get out


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Belal E. Baaquie, "Quantum Finance: Path Integrals and Hamiltonians for Options and Interest Rates"

Financial mathematics is currently almost completely dominated by stochastic calculus. Presenting a completely independent approach, this book applies the mathematical and conceptual formalism of quantum mechanics and quantum field theory (with particular emphasis on the path integral) to the theory of options and to the modeling of interest rates. Many new results, accordingly, emerge from the author's perspective.


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Petter Gottschalk, "Knowledge Management Systems: Value Shop Creation"

The main objective of knowledge management is to support the creation, transfer, and application of knowledge. Researchers and practitioners have emphasized the important role of knowledge management in electronic business and IT outsourcing relationships.Knowledge Management Systems: Value Shop Creation is based on the premise that it is difficult, if not impossible, to manage an organization without at least some understanding of knowledge management and knowledge management systems. Knowledge Management Systems: Value Shop Creation combines knowledge management with other subject areas within the management information systems field. The scholarly value of this book can be found in insights generated from the contingent approach to linking knowledge management to other IT management topics and its uses.


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Jean-Pierre Danthine, John B. Donaldson, "Intermediate Financial Theory"

Intended primarily for M.Sc. students in Finance, advanced MBA's and third or fourth year economics undergraduates taking a course in Finance. This text is for those who find Ph.D. financial theory texts excessively abstract and introductory texts insufficiently general.

Most topics in a first year Ph.D. course in financial economics are considered via examples and intuitive arguments rather than using the full generality of propositions and proofs. This text uses general equilibrium theory as a basis for understanding and unifying more difficult literature.




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. S. Dagpunar, " Simulation and Monte Carlo: With applications in finance and MCMC"

Review
"…excellent for students and practitioners who don't have previous experience with simulation methods…a great contribution." (MAA Reviews, April 5, 2007)

Book Description
Simulation and Monte Carlo is aimed at students studying for degrees in Mathematics, Statistics, Financial Mathematics, Operational Research, Computer Science, and allied subjects, who wish an up-to-date account of the theory and practice of Simulation. Its distinguishing features are in-depth accounts of the theory of Simulation, including the important topic of variance reduction techniques, together with illustrative applications in Financial Mathematics, Markov chain Monte Carlo, and Discrete Event Simulation.

Each chapter contains a good selection of exercises and solutions with an accompanying appendix comprising a Maple worksheet containing simulation procedures. The worksheets can also be downloaded from the web site supporting the book. This encourages readers to adopt a hands-on approach in the effective design of simulation experiments.

Arising from a course taught at Edinburgh University over several years, the book will also appeal to practitioners working in the finance industry, statistics and operations research.


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Philip Arestis , Malcolm C. Sawyer, "Handbook of Alternative Monetary Economics "

This major new Handbook consists of over 30 contributions that explore the full range of exciting and interesting work on money and finance, currently taking place within heterodox economics.

There are many themes and facets of alternative monetary and financial economics but two major ones can be identified. The first concerns the nature of money: money is credit created through the financial system in the process of loan creation. The second theme is that money is endogenous and not exogenous. Contributions to the Handbook cover the origins and nature of money, detailed analyses of endogenous money, surveys of empirical work on endogenous money and the nature of monetary policy when money is endogenous. The second theme focuses on the financial system, and the perception that it is generally subject to volatility, instability and crisis. This Handbook will undoubtedly serve as the ultimate guide to the full spectrum of alternative monetary economics.

Philip Arestis and Malcolm Sawyer have performed an invaluable task in compiling a comprehensive Handbook, written by leading specialists, that will be required reading by upper level undergraduate and postgraduate students studying money, finance and macroeconomics as well as heterodox and monetary economists more generally.


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J. Carpenter, G.W. Harrison , J.A. List , "Field Experiments in Economics (Research in Experimental Economics)"

Experimental economists are leaving the reservation. They are recruiting subjects in the field rather than in the classroom, using field goods rather than induced valuations, and using field context rather than abstract terminology in instructions. This volume examines the methodology of field experiments, and offers a wide array of applications of field experiments.

The methodological issues revolve around the ability of field experimenters to ensure the same degree of control that lab experimenters claim. The applications cover issues such as risk and time preferences of the Danish population, savings decisions of the Canadian working poor, differences between the social preferences of American students and workers, the effect of educational vouchers on American school children, and differences in bargaining behavior across nations. This volume serves as an introduction to the issues and applications of this new area of experimental economics.


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Mark Hirschey , Kose John, Anil K. Makhija , "Corporate Governance: A Global Perspective, Volume 11 (Advances in Financial Economics)"

Papers in this volume focus on corporate governance broadly defined as the system of control that helps corporations effectively manage, administer, and direct economic resources. Questions of what and how to produce become equally important as organizations strive to better serve demanding customers. As a result, the design and control of effective organizations have become an integral part of financial economics. Traditionally, organization structure has been described by the vertical and horizontal relationships among the firm, its customers and suppliers. More recently, researchers have come to understand that the efficiency of firms depends upon the ability of participants to find effective means to minimize the transaction costs of coordinating productive activity. As financial economists have learned, resource allocation will be efficient so long as transaction costs remain low and property rights can be freely assigned and exchanged. An important problem that must be addressed is the so-called agency problem resulting from the natural conflict between owners and managers. Agency costs are the explicit and implicit transaction costs necessary to overcome the natural divergence of interest between agent managers and principal stockholders. The value-maximizing organization design minimizes unproductive conflict within the firm. Papers in this volume show how corporate control mechanisms inside and outside the firm have evolved around the world to allocate decision authority to that person or organization best able to perform a given task.


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J. Morgan, "Experimental and Behavioral Economics, Volume 13 (Advances in Applied Microeconomics)"

As demand to substantiate predictions from economic theory with causal empirical evidence increases, economists have more and more turned towards controlled laboratory experiments. As this field has blossomed it has provided evidence confirming some of the key predictions of economic theory and exposed some of the weaker theoretical predictions. This has resulted in a symbiotic relationship where experimental evidence not only is used to support theoretical conclusions but has pointed economists into bold and exciting new areas of investigation. In this volume, I am proud to present some of the most stimulating work in this field.

The first three chapters provide a fresh look at some of the classical issues in experimental economics. These papers provide novel insights into psychology in ultimatum games, the impact of social interaction on learning, and communication in coordination games. The next two chapters look at how experiments can illuminate our understanding of what determines trust. These papers examine how monitoring within an organization influences trust, as well as examining how individual political ideologies are related to an individuals level of trust. The final two chapters show how experiments can be fruitfully applied to vertical relationships and auction design, two of the most important areas in contemporary contract theory.


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Adib Kanafani , Katsuhiko Kuroda, "Global Competition in Transportation Markets Analysis and Policy Making"

Review
"...offers many new insights of a high level for students, researchers, and planners in the area of transport economics. Personally I was very much impressed by the sophisticiated modeling efforts and experiments in this book."
--Peter Nijkamp, Free University Amsterdam for EJITR, 6, no. 4 (2006), pp.371-372

Book Description
This book represents the proceedings of a conference held at Kobe
University, that brought together some of the world's leading researchers in the field of
transportation planning and policy.
It contains a compendium of papers representing state-of-the-art research
on topics of competition and regulation and system structure in air and maritime
transportation. This book is a valuable resource for researchers and others who can use it as a starting point for advancing the state of knowledge in important topics of transportation systems management. It can also serve as a textbook for an advanced graduate course in transportation, economics, or public policy as applied to maritime transportation and air transportation. As such it is the first text of its kind.


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Steffen Jørgensen , Marc Quincampoix , Thomas L. Vincent, "Advances in Dynamic Game Theory: Numerical Methods, Algorithms, and Applications to Ecology

This collection of selected contributions gives an account of recent developments in dynamic game theory and its applications, covering both theoretical advances and new applications of dynamic games in such areas as pursuit-evasion games, ecology, and economics. Written by experts in their respective disciplines, the chapters are an outgrowth of presentations from the 11th International Symposium on Dynamic Games and Applications.

Key topics covered include:

* stochastic and differential games
* dynamic games and their applications in various areas, such as ecology and economics
* numerical methods and algorithms in dynamic games
* zero- and nonzero-sum games
* pursuit-evasion games
* evolutionary game theory and applications

The work will serve as a state-of-the art account of recent advances in dynamic game theory and its applications for researchers, practitioners, and advanced students in applied mathematics, mathematical finance, and engineering.


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Yuh-Dauh Lyuu , "Financial Engineering and Computation: Principles, Mathematics, and Algorithms"

Review
offers a thorough grounding in the subject or MBAs in finance, students of engineering and sciences who are pursuing a career in finance, researchers in computational finance, system analysts, and financial engineers. Zentralblatt für Didaktik der Mathematik

Book Description
Nowadays students and professionals intending to work in any area of finance must master not only advanced concepts and mathematical models but also learn how to implement these models computationally. This comprehensive text combines the theory and mathematics behind financial engineering with an emphasis on computation, in keeping with the way financial engineering is practiced in today's capital markets. Unlike most books on investments, financial engineering, or derivative securities, the book starts from very basic ideas in finance and gradually builds up the theory. It offers a thorough grounding in the subject for MBAs in finance, students of engineering and sciences who are pursuing a career in finance, researchers in computational finance, system analysts, and financial engineers. Along with the theory, the author presents numerous algorithms for pricing, risk management, and portfolio management. The emphasis is on pricing financial and derivative securities: bonds, options, futures, forwards, interest rate derivatives, mortgage-backed securities, bonds with embedded options, and more. Each instrument is treated in a short, self-contained chapter for ready reference use. Many of these algorithms are coded in Java as programs for the Web, available from the book's home page (www.csie.ntu.edu/~lyuu/Capitals/capitals.htm)


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Brian Kettell, "Valuation of Internet Technology and Biotechnology Stock"

New ways of looking, researching and valuing these companies need to be addressed. Valuation of Internet and Technology Stocks offers practical information to enable institutional investors to value internet.coms and high tech companies more accurately.

The author highlights the deficiencies in existing stock market techniques and shows how they need to be modified or, in most cases, replaced with techniques more suited for the revolution in economies which had taken place since 1991. The economic rules in the financial market place have changed to the extent that strategies successfully applied in the post war era have now been relegated to the deleted items box. 'Valuation on Internet and Technology Stocks' reviews existing stock market techniques highlighting their deficiencies and show how the New Economics necessitates new forms of investment analysis.

* Investigates why there has been a high correlation between high loss companies and a rocketing stock price
* Questions whether there is still a place for discounted cash flows when there is no cash flow to discount
* Considers what new methods are available to value super growth companies and whether these methods are any better than existing techniques


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E Malinvaud, "Macroeconomic Theory: A Textbook on Macroeconomic Knowledge and Analysis : Inflation, Employment and Business Fluctuations"

Journal of Economic Literature
...Volume C of a graduate level macroeconomics textbook is devoted to inflation dynamics business fluctuations, and macroeconomic policies.


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Janet Switzer, "Instant Income"

In her first solo book, entrepreneur Switzer (co-author, with Jack Canfield, of The Success Principles) offers practical insights for business owners in a fast-paced text jam-packed with useful information and tricks of the marketing trade. Designed to bring in customers and cash, Switzer's guide builds on small business basics and provides authoritative strategy in an impressive number of areas: customers, joint-ventures, advertising, prospecting, sales, the internet, apprenticeships, negotiating deals and "earning extra income whenever you need it." Switzer is a firm believer in research, promoting the theory that the best marketing campaigns gather as much knowledge as possible about potential customers-their problems, needs and goals-in order to avoid the "customer complaints, returns, and refunds" generated by "selling prospects something they don't need." Packed with advice on everything from "Writing ads that make the phone ring" to "Launching a viral report" to "Going into business with the boss," as well as endorsements from Switzer's satisfied advisees, this book is a valuable resource for anyone who owns a small business or is interested in making some extra money; media-savvy consumers may also find this book useful in navigating the marketing forces that bombard them daily.
Copyright © Reed Business Information, a division of Reed Elsevier Inc.


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Walter Allan, "CIMA Exam Practice Kit: Business Mathematics "

CIMA Exam Practice Kits consolidate learning by providing an extensive bank of practice questions. Each solution provides an in depth analysis of the correct answer and highlights why the alternatives are incorrect.

CIMA Exam Practice Kits are ideal for students studying independently or attending a tutored revision course. It supplements the Official CIMA Study Systems and CIMA Revision Cards with a wealth of additional questions and material focused purely on applying what has been learnt to passing the exam.

CIMA Exam Practice Kits help students prepare with confidence for exam day, and to pass the new syllabus first time.

* Includes 200 exam standard multiple choice questions
* Prepare to pass with extensive additional question practice
* Provides worked answers to fully explain the correct answer, and analysis of incorrect answers helping CIMA students avoid common pitfalls


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Richard O., Jr. Zerbe, Allen S. Bellas, "A Primer for Benefit-Cost Analysis"

Benefit-cost analysis (BCA) is the best technique for analyzing proposed or previously enacted projects to determine whether undertaking them is in the public interest, or for choosing between two or more mutually exclusive projects. An introduction to BCA for students as well as practitioners, this accessible volume describes the underlying economic theory and legal and philosophical foundations of BCA.


BCA provides an objective framework around which discussion, correction and amendment can take place. Stated simply, it is the calculation of values for all the inputs into and outputs from a project and then the subtraction of the first from the second. The authors' goal here is to take the mystery out of the process. They discuss practical issues of market-based valuation and aggregation, non-market valuation, practical applications of general equilibrium models, issues in discounting, and the impacts of risk and uncertainty in BCA. They also provide a list of resources and case studies looking at ethanol and the use of cellular phones by drivers.


Straightforward in style and cutting-edge in coverage, this volume will be highly usable both as a text and a reference. Advanced undergraduates and masters students in public policy, public administration, economics and health care administration programs will find this a valuable resource. It will also be of great use to agencies that perform benefit-cost analyses.


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Raghee Horner, "ForeX Trading for Maximum Profit: The Best Kept Secret Off Wall Street"

As the fate of the dollar against foreign currency generates both anxiety and opportunities, currency trading has been drawing much interest and a growing following among traders in the United States. The Forex market is particularly attractive because it trades with no gaps and has unlimited guaranteed stop-losses. The liquidity of the Forex market and worldwide participation makes for more reliable and longer lasting trends as well.

Raghee Horner, legendary not only as a top Forex trader but as a master teacher of trading systems and techniques, draws on her winning tools and methods, including classic charting techniques, in this book. She'll enable you, regardless of your skill level as a trader or investor, to understand how the Forex operates and lays out a blueprint for getting starting in this little-understood but high-potential trading vehicle.


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Sam Malone, "Better Exam Results, Second Edition: A Guide for Business and Accounting Students (CIMA Exam Support Books)"

Better Exam Results will help you develop proven study and exam techniques. Step-by-step it guides you through the various stages of learning from planning your study time, to reading, making notes, revising and preparing for exams.

Malone is an established bestselling author who shows you how to:
* Study effectively and save time
* Build confidence and realize your potential
* Focus your attention
* Make significant notes
* Read resourcefully
* Tackle case studies
* Control exam stress
* Avoid common mistakes

Learning to learn is an essential skill for students and much is known about the brain's learning potential and how people learn. This knowledge is available in this book. Don't rely on hearsay, apply the systematic approach in this book to improve your learning ability.

* Shows CIMA students how to make the best use of valuable study time to pass exams first time
* Explains how to organise study, make notes, read faster and more effective and improve memory for maximising performance in the exam room
* Leading training consultant provides study and exam tips for success, particularly in CIMA exams but also for wider business exams and lifelong learning


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Greg N. Gregoriou, "Funds of Hedge Funds: Performance, Assessment, Diversification, and Statistical Properties"

With about $450 billion in assets, funds of hedge funds are the most recent darling of investors. While hedge funds carry high risk for the promise of high returns they are designed for the very rich and for large institutional investors such as pension funds. A Fund of Hedge Funds (FOF) spreads investments among a number of hedge funds to reduce risk and provide diversification, while maintaining the potential for higher than average returns. Odds are that some pension fund of yours is invested heavily in these products, and more recently these FOFs have been opened to more and more individual investors in offshore jurisdictions with lower minimum entry levels. Since this is a new and extremely fast-moving financial phenomenon, academic research has just begun in earnest, and this is the first book to present rigorous academic research by some of the leading lights in academic finance, carefully analyzing the broad array of issues involved in FOFs.

* With over $450 billion in assets, hedge funds of funds are the darling of investors
* First book to present rigorous academic research about funds of funds
* Leading lights in academic finance from around the world analyze the broad array of issues involved in funds of funds


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Frank Skinner, "Pricing and Hedging Interest and Credit Risk Sensitive Instruments"

This book is tightly focused on the pricing and hedging of fixed income securities and their derivatives. It is targeted at those who are interested in trading these instruments in an investment bank, but is also useful for those responsible for monitoring compliance of the traders such as regulators, back office staff, middle and senior lever managers.

To broaden its appeal, this book lowers the barriers to learning by keeping math to a minimum and by illustrating concepts through detailed numerical examples using Excel workbooks/spreadsheets on a CD with the book. On the accompanying CD with the book, three interest rate models are illustrated: Ho and Lee, constant volatility and Black Derman and Toy, along with two evolutionary models, Vasicek and CIR and two credit risk models, Jarrow and Turnbull and Duffie and Singleton. These are implemented via spreadsheets on the CD.

* Starts at an introductory level and then develops advanced topics
* Provides plenty of numerical examples rather than mathematical equations to aid full understanding of the strengths and weaknesses of all interest rate derivative models
* Can be used for self-study - a complete book on the topic, which includes examples with answers


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John Jeston, " Business Process Management: Practical Guidelines to Successful Implementations"

Business Process Management: Practical Guidelines to Successful Implementations provides organizational leadership with an understanding of Business Process Management and its benefits to an organization. This book also gives Business Process Management practitioners a framework and a set of tools and techniques that provide a practical guide to successfully implementing Business Process Management projects and provides a holistic approach and the necessary details to deliver a Business Process Management project.

Business Process Management: Practical Guidelines to Successful Implementations delivers:

* a proven in-depth step-by-step framework for the Business Process Management practitioner.

* insights into how to embed Business Process Management within an organization to ensure a continuous business process involvement culture.

* practical tools, explanations and assistance in the successful implementation of a BPM project.

* more than 50 case studies to illustrate various steps and aspects of the framework.

* an overall view and understanding of Business Process Management and the move towards a process-centric organization.

* Encompasses best practices and an overview of the most important tools and methods
* An in -depth framework for the Business Process Management practitioner.
* Insights into how to embed Business Process Management within an organization to ensure a continuous business process improvement culture.
* Practical tools, explanations and assistance in the successful implementation of a BPM project.
* Includes in excess of 50 case studies to illustrate various points in the book.


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Catherine Turner, "International Funds: A practical guide"

'International Funds' will provide readers with:
*A greater understanding of the benefits and limitations of funds to both retail and institutional investors
*An easy-to-read, yet technically comprehensive, insight into fund structures
*An overview of the variety of legal structures, regulatory categories and investment profiles available
*A detailed understanding of the practical aspects of fund valuation and administration, and the role of the various practitioners
*A view of the future of the international funds industry in the light of changing markets, regulation and investor appetite

* An easy-to-read, yet technically comprehensive, insight into fund structures
* Provides an overview of the variety of legal structures, regulatory categories and investment profiles available
* Presents a view of the future of the international funds industry in the light of changing markets, regulation and investor appetite'


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Amanat Hussain, " Managing Operational Risk in Financial Markets "

Outlines the major issues for risk management and focuses on operational risk as a key activity in managing risk on an enterprise-wide basis. Defines a framework for managing operational risk that encompasses all the organizational and technological issues.


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Brian Kettell, "Economics for Financial Markets (Quantitative Finance)"

Successful trading, speculating or simply making informed decisions about financial markets means it is essential to have a firm grasp of economics. Financial market behaviour revolves around economic concepts, however the majority of economic textbooks do not tell the full story.

To fully understand the behaviour of financial markets it is essential to have a model that enables new information to be absorbed and analysed with some predictive implications. That model is provided by the business cycle.

'Economics for Financial Markets' takes the reader from the basics of financial market valuation to a more sophisticated understanding of the actions that traders take which ultimately drives the volatility in the financial markets.

The author shows traders, investment managers, risk managers and finance professionals how to distil the flow of information and show what needs to be concentrated on, covering topics such as:

* Why are financial markets subject to economic fashions?
* How has the New Economy changed financial market behaviour?
* Does the creation of the euro fundamentally change the behaviour of the currency markets?

Shows how to distil the vast amount of information in financial markets and identify what is important
Demonstrates how the "New Economy" had changed financial market behaviour
Explains how to follow the behaviour of central banks


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Frank Sortino , Stephen Satchell , "Managing Downside Risk in Financial Markets "

Provides practical information on how financial organizations can use downside risk techniques and technological developments to effectively manage risk in their portfolio management.


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David Loader, "Relationship and Resource Management in Operations "

Explains in practical terms the importance of the business relationships with internal and external counterparts while demonstrating how things can go wrong and what causes the situation.


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RoyE. Johnson, "Shareholder Value: A Business Experience "

Review
"All MBA students and recent graduates should read this book. It uses some of the modern finance concepts that are now standard in the MBA curriculum. That"s the easy part. Roy Johnson"s book will also give you an appreciation of the hard part - how to get people in business to understand and effectively use modern finance concepts. Readers will learn a lot about finance and, more importantly, about changing a firm"s culture toward a focus on value creation. Observations from an extensive corporate and consulting career breathe life into the characters, making this book an extremely informative and interesting read."
Dr. Carl M. Noble, Jr., Chairman, The Alcar Group Inc. and Adjunct Professor, J. L. Kellogg, Graduate School of Management.


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Vijay Krishna, "Auction Theory "

Review
"Vijay Krishna's book provides a very thorough and patient presentation of auction theory, starting from the most basic analysis and graduating to sophisticated, state of the art theory, including multi-unit auctions. This book covers a very wide range of auction topics, providing a clear and accessible treatment. The theory is presented in a careful and easily understood style accessible to honors undergraduates as well as all economics graduate students. Krishna's book will certainly become the central book on auction theory."
--R. Preston McAfee, Murray S. Johnson Chair in Economics, University of Texas
"This book not only sets out much of the theoretical literature on auctions--including results that are very recent--but does so with a clarity, elegance, and rigor that is characteristic of Vijay Krishna's work."
--Eric Maskin, A.O. Hirschman Professor of Social Science, Institute for Advanced Study, Princeton, New Jersey, U.S.A.
"The book gives a superb presentation of auction theory, with clear and concise proofs of all results. It is essential reading for any serious student of auctions."
--Peter Cramton, Professor of Economics, University of Maryland
"This is the book we have been waiting for: a high level treatment of auction theory that carefully presents the technical details necessary for an in depth understanding of the main themes of auction theory, ideal as a basis for a graduate course, and by an author who has himself made important contributions to the subject."
--Paul Klemperer, Edgeworth Professor of Economics, Nuffield College, University of Oxford, U.K.


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Tony Wild, "Best Practice in Inventory Management, Second Edition"

Good management of inventory enables companies to improve their customer service, cash flow and profitability. 'Best Practice in Inventory Management' outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to produce the desired effect in practice.

The book shows how inventory management techniques can be used in a wide variety of situations, particularly in stores where the inventory can be anything from fast moving products to slow moving spares. The discussion extends across distribution warehousing and manufacturers' operations.

The text is based on best theory and practice, which has been gradually developed by the inventory management profession over the years. It covers the inventory control aspects included in the courses for the DPIM, COM, DLM, CPIM and other professional and academic qualifications.

Readers develop their understanding of stock control by seeing the techniques explained logically and learn how inventory structuring, individual item control, forecasting and co-ordination provide the base for logistics management. This new edition has been up-dated throughout and the final chapter, The Future - Inventory and Logistics, has been re-written to reflect the developing applications of technology and changes in focus.

Explains how inventory management techniques achieve low stocks and improved customer serviceActs as a practical manual for making improvements in stock control and for saving moneyCovers the syllabi of the DPIM, COM, DLM and other professional and academic qualifications


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David Hussey , "Strategic Management: From Theory to Implementation"

Review
'It is a superior book in many ways to existing leading textbooks on strategic management. The concern with moving from theory to practice will be very appealing to an increasingly sophisticated management readership.'
Professor Paul Joyce, University of North London

'It is one of the few books that is both conceptually sound, covering as it does the latest contemporary strategic thinking and developments, plus the appropriate attention to the application and implementation of strategic change, an area so often either ignored or treated superficially. The fourth edition will be essential reading...'
Professor Graham Beaver, MBA Director, Nottingham Business School

'Comprehensive, well-researched and penetrating.'
David Campbell, Lecturer in Strategic Management, Newcastle Business School

'Excellent coverage.'
Professor Adrian Woods, Dean of Social Sciences, Brunel University


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Claudio Albanese, Giuseppe Campolieti , "Advanced Derivatives Pricing and Risk Management: Theory, Tools, and Hands-On Programming Applications"

Written by leading academics and practitioners in the field of financial mathematics, the purpose of this book is to provide a unique combination of some of the most important and relevant theoretical and practical tools from which any advanced undergraduate and graduate student, professional quant and researcher will benefit. This book stands out from all other existing books in quantitative finance from the sheer impressive range of ready-to-use software and accessible theoretical tools that are provided as a complete package. By proceeding from simple to complex, the authors cover core topics in derivative pricing and risk management in a style that is engaging, accessible and self-instructional. The book contains a wide spectrum of problems, worked-out solutions, detailed methodologies and applied mathematical techniques for which anyone planning to make a serious career in quantitative finance must master. In fact, core portions of the books material originated and evolved after years of classroom lectures and computer laboratory courses taught in a world-renowned professional Masters program in mathematical finance. As a bonus to the reader, the book also gives a detailed exposition on new cutting-edge theoretical techniques with many results in pricing theory that are published here for the first time.

*Includes easy-to-implement VB/VBA numerical software libraries
*Proceeds from simple to complex in approaching pricing and risk management problems
*Provides analytical methods to derive cutting-edge pricing formulas for equity derivatives


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