A Theory of the Rational Pricing of Mortgage Contracts

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Publisher :
ISBN 13 :
Total Pages : 222 pages
Book Rating : 4.:/5 (249 download)

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Book Synopsis A Theory of the Rational Pricing of Mortgage Contracts by : Michael Ralph Asay

Download or read book A Theory of the Rational Pricing of Mortgage Contracts written by Michael Ralph Asay and published by . This book was released on 1977 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Study of the Behavior of Fixed Rate Mortgages for Alternative Contracts Using Option Pricing Theory

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Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 (22 download)

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Book Synopsis A Study of the Behavior of Fixed Rate Mortgages for Alternative Contracts Using Option Pricing Theory by : Lawrence Kein-Hoong Chin

Download or read book A Study of the Behavior of Fixed Rate Mortgages for Alternative Contracts Using Option Pricing Theory written by Lawrence Kein-Hoong Chin and published by . This book was released on 1989 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

FDIC and FSLIC Procedures for Handling Financial Institution Failures and Speculation

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Publisher :
ISBN 13 :
Total Pages : 756 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis FDIC and FSLIC Procedures for Handling Financial Institution Failures and Speculation by : United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee

Download or read book FDIC and FSLIC Procedures for Handling Financial Institution Failures and Speculation written by United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee and published by . This book was released on 1981 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Seduction by Contract

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Publisher : OUP Oxford
ISBN 13 : 0191640387
Total Pages : 296 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis Seduction by Contract by : Oren Bar-Gill

Download or read book Seduction by Contract written by Oren Bar-Gill and published by OUP Oxford. This book was released on 2012-08-23 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumers routinely enter into long-term contracts with providers of goods and services - from credit cards, mortgages, cell phones, insurance, TV, and internet services to household appliances, theatre and sports events, health clubs, magazine subscriptions, transportation, and more. Across these consumer markets certain design features of contracts are recurrent, and puzzling. Why do sellers design contracts to provide short-term benefits and impose long-term costs? Why are low introductory prices so common? Why are the contracts themselves so complex, with numerous fees and interest rates, tariffs and penalties? Seduction by Contract explains how consumer contracts emerge from the interaction between market forces and consumer psychology. Consumers are short-sighted and optimistic, so sellers compete to offer short-term benefits, while imposing long-term costs. Consumers are imperfectly rational, so sellers hide the true costs of products and services in complex contracts. Consumers are seduced by contracts that increase perceived benefits, without actually providing more benefits, and decrease perceived costs, without actually reducing the costs that consumers ultimately bear. Competition does not help this behavioural market failure. It may even exacerbate it. Sellers, operating in a competitive market, have no choice but to align contract design with the psychology of consumers. A high-road seller who offers what she knows to be the best contract will lose business to the low-road seller who offers what the consumer mistakenly believes to be the best contract. Put bluntly, competition forces sellers to exploit the biases and misperceptions of their customers. Seduction by Contract argues that better legal policy can help consumers and enhance market efficiency. Disclosure mandates provide a promising avenue for regulatory intervention. Simple, aggregate disclosures can help consumers make better choices. Comprehensive disclosures can facilitate the work of intermediaries, enabling them to better advise consumers. Effective disclosure would expose the seductive nature of consumer contracts and, as a result, reduce sellers' incentives to write inefficient contracts. Developing its explanation through a general framework and detailed case studies of three major consumer markets (credit cards, mortgages, and cell phones), Seduction by Contract is an accessible introduction to the law and economics of consumer contracts, and a powerful critique of current regulatory policy.

Rational Mortgage Pricing

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Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (981 download)

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Book Synopsis Rational Mortgage Pricing by : Michael R. Asay

Download or read book Rational Mortgage Pricing written by Michael R. Asay and published by . This book was released on 1978 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Comprehensive Dissertation Index

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ISBN 13 :
Total Pages : 978 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Comprehensive Dissertation Index by :

Download or read book Comprehensive Dissertation Index written by and published by . This book was released on 1989 with total page 978 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Comprehensive Dissertation Index: Business & economics, A-K

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Publisher :
ISBN 13 :
Total Pages : 808 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Comprehensive Dissertation Index: Business & economics, A-K by :

Download or read book Comprehensive Dissertation Index: Business & economics, A-K written by and published by . This book was released on 1984 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Rational Pricing

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Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 388 pages
Book Rating : 4.:/5 (661 download)

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Book Synopsis Rational Pricing by : Fouad Sabry

Download or read book Rational Pricing written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-04 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Rational Pricing The assumption that asset prices, and consequently asset pricing models, will represent the arbitrage-free price of the asset is known as rational pricing. This assumption is based on the fact that any departure from this price will be "arbitraged away" throughout the process of rational pricing. In addition to being an essential component in the pricing of derivative instruments, this assumption is helpful in determining the value of fixed income securities, notably bonds. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Rational pricing Chapter 2: Arbitrage Chapter 3: Derivative (finance) Chapter 4: Financial economics Chapter 5: Black-Scholes model Chapter 6: Real options valuation Chapter 7: Forward contract Chapter 8: Binomial options pricing model Chapter 9: Convertible bond Chapter 10: Valuation (finance) Chapter 11: Risk-neutral measure Chapter 12: Swap (finance) Chapter 13: Bond valuation Chapter 14: Arbitrage pricing theory Chapter 15: Fixed income arbitrage Chapter 16: Business valuation Chapter 17: Asset pricing Chapter 18: Lattice model (finance) Chapter 19: Real business-cycle theory Chapter 20: Bootstrapping (finance) Chapter 21: Replicating portfolio (II) Answering the public top questions about rational pricing. (III) Real world examples for the usage of rational pricing in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Rational Pricing.

THE CONDITIONAL PROBABILITY OF MORTGAGE DEFAULT

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Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.L/5 ( download)

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Book Synopsis THE CONDITIONAL PROBABILITY OF MORTGAGE DEFAULT by : DENNIS R. CAPOZZA, DICK KAZARIAN AND THOMAS A. THOMSON

Download or read book THE CONDITIONAL PROBABILITY OF MORTGAGE DEFAULT written by DENNIS R. CAPOZZA, DICK KAZARIAN AND THOMAS A. THOMSON and published by . This book was released on 1996 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Valuation at Origination of Fixed Rate Mortgages with Default and Prepayment

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Valuation at Origination of Fixed Rate Mortgages with Default and Prepayment by : James B. Kau

Download or read book The Valuation at Origination of Fixed Rate Mortgages with Default and Prepayment written by James B. Kau and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a model to rationally price fixed rate mortgages, using the arbitrage principles of option pricing theory. The paper incorporates amortization, prepayment and default in valuing the mortgage. Having completely specified the model, numerical procedures value the different features of the mortgage contract under a variety of economic conditions. The necessity of having both the interest rate and the house price as explanatory variables, due to the interaction of default and prepayment, is demonstrated. The numerical solutions presented center around mortgage pricing at origination. Thus, variations in the equilibrium contract rate are examined for differing economic conditions and changes in the contract. Finally, by presenting a complete model, the paper yields insights for the existence of common institutional practices.

Dissertation Abstracts International

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ISBN 13 :
Total Pages : 532 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Dissertation Abstracts International by :

Download or read book Dissertation Abstracts International written by and published by . This book was released on 1988 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:

National Union Catalog

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Publisher :
ISBN 13 :
Total Pages : 1032 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis National Union Catalog by :

Download or read book National Union Catalog written by and published by . This book was released on 1980 with total page 1032 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes entries for maps and atlases.

Anatomy of a Meltdown

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Publisher : Aspen Publishing
ISBN 13 : 1454860103
Total Pages : 445 pages
Book Rating : 4.4/5 (548 download)

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Book Synopsis Anatomy of a Meltdown by : Michael P. Malloy

Download or read book Anatomy of a Meltdown written by Michael P. Malloy and published by Aspen Publishing. This book was released on 2014-12-09 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: Anatomy of a Meltdown: A Dual Financial Biography of the Subprime Mortgage Crisis, traces the course of two financial icons, Lehman Brothers and WaMu—one operating in the investment sector, the other in the consumer financial services sector—on their path to financial ruin. Illuminating the nature and severity of the subprime mortgage crisis, author Michael P. Malloy presents a clear and cogent analysis of the global economic meltdown, the steps necessary to restore the financial markets, and measures that must be taken to avoid similar crises in the future. This clear and concise text by one of the foremost authorities on bank regulation features: comprehensive coverage of all of the fundamental law, policy, and practical issues raised by the crisis and the government's response to it the core of key cases preserved in timely and salient excerpts a balanced policy perspective step-by-step, highly readable analysis of the practical and policy implications of the subprime mortgage crisis the author's cutting-edge web log that offers continuously updated supplemental material generous use of examples throughout the text effective use of visual aids to illustrate concepts and spark class discussion Anatomy of a Meltdown: A Dual Financial Biography of the Subprime Mortgage Crisis, by Michael P. Malloy tells the story of the financial meltdown that swept through American and international markets, threatening to plunge the United States into depression as Wall Street and the global economy faced near-total collapse.

Booms and Busts: An Encyclopedia of Economic History from the First Stock Market Crash of 1792 to the Current Global Economic Crisis

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Publisher : Routledge
ISBN 13 : 1317475763
Total Pages : 1020 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Booms and Busts: An Encyclopedia of Economic History from the First Stock Market Crash of 1792 to the Current Global Economic Crisis by : Mehmet Odekon

Download or read book Booms and Busts: An Encyclopedia of Economic History from the First Stock Market Crash of 1792 to the Current Global Economic Crisis written by Mehmet Odekon and published by Routledge. This book was released on 2015-03-17 with total page 1020 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely and authoritative set explores three centuries of good times and hard times in major economies throughout the world. More than 400 signed articles cover events from Tulipmania during the 1630s to the U.S. federal stimulus package of 2009, and introduce readers to underlying concepts, recurring themes, major institutions, and notable figures. Written in a clear, accessible style, "Booms and Busts" provides vital insight and perspective for students, teachers, librarians, and the general public - anyone interested in understanding the historical precedents, causes, and effects of the global economic crisis. Special features include a chronology of major booms and busts through history, a glossary of economic terms, a guide to further research, an appendix of primary documents, a topic finder, and a comprehensive index. It features 1,050 pages; three volumes; 8-1/2" X 11"; topic finder; photos; chronology; glossary; primary documents; bibliography; and, index.

Housing Finance Review

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Publisher :
ISBN 13 :
Total Pages : 498 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Housing Finance Review by :

Download or read book Housing Finance Review written by and published by . This book was released on 1984 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Oxford Handbook of Behavioral Economics and the Law

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Publisher : Oxford University Press
ISBN 13 : 0199945489
Total Pages : 841 pages
Book Rating : 4.1/5 (999 download)

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Book Synopsis The Oxford Handbook of Behavioral Economics and the Law by : Eyal Zamir

Download or read book The Oxford Handbook of Behavioral Economics and the Law written by Eyal Zamir and published by Oxford University Press. This book was released on 2014-09-16 with total page 841 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past twenty years have witnessed a surge in behavioral studies of law and law-related issues. These studies have challenged the application of the rational-choice model to legal analysis and introduced a more accurate and empirically grounded model of human behavior. This integration of economics, psychology, and law is breaking exciting new ground in legal theory and the social sciences, shedding a new light on age-old legal questions as well as cutting edge policy issues. The Oxford Handbook of Behavioral Economics and Law brings together leading scholars of law, psychology, and economics to provide an up-to-date and comprehensive analysis of this field of research, including its strengths and limitations as well as a forecast of its future development. Its 29 chapters organized in four parts. The first part provides a general overview of behavioral economics. The second part comprises four chapters introducing and criticizing the contribution of behavioral economics to legal theory. The third part discusses specific behavioral phenomena, their ramifications for legal policymaking, and their reflection in extant law. Finally, the fourth part analyzes the contribution of behavioral economics to fifteen legal spheres ranging from core doctrinal areas such as contracts, torts and property to areas such as taxation and antitrust policy.

The Economics of Housing

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ISBN 13 :
Total Pages : 646 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economics of Housing by : John M. Quigley

Download or read book The Economics of Housing written by John M. Quigley and published by . This book was released on 1997 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing is an important commodity in national accounts of all countries. These papers in two volumes span 1960 to the present, covering housing and urban spatial structures, housing supply, the analysis of housing demand and empirical and theoretical studies of housing quality and prices.