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This book examines whether continuous-time models in frictionless financial economies can be well approximated by discrete-time models. It specifically looks to answer the question: in what sense and to what extent does the famous Black-Scholes-Merton (BSM)...
Doubt over the trustworthiness of published empirical results is not unwarranted and is often a result of statistical mis-specification: invalid probabilistic assumptions imposed on data. Now in its second edition, this bestselling textbook offers a comprehensive course...
Why is natural resource exploitation not yielding greater benefits for the poor economies? In this second edition of his landmark book, Barbier explores this paradox in three parts. Part I gives a historical review of resource use and development, examining current...
In Strategic Decisions, Planellas and Muni provide an invaluable tool for anyone facing the challenge of taking strategic decisions. Using their 'circle of strategic decisions' framework, they guide readers smoothly through the decision-making process. Following this,...
The 2008 financial crisis led to more and more frequent political attacks on central banks.The recent spotlight on central bank independence is reminiscent of the fiery debates amongst Germany's political elites in 1949 on the same issue; debates that were sparked by...
There is no such thing as a crisis. Rather than an actual, corporeal thing, a crisis is a claim asserted from a position of power and influence, intended to shape the understanding of others. A constructed crisis by a leader may or may not be legitimate, and, legitimate...
The rapidly increasing human pressure on the biosphere is pushing biodiversity into the sixth mass extinction event in the history of life on Earth.The organisms being exterminated are integral working parts of our planet's life support system, and their loss is...
Do migrants lead to an increase of crime rates in their host societies? This highly contentious issue has become a mainstay in the political debate and a lightning rod for the galvanization of populist movements, despite often lacking any empirical support. In this...
How to Divide When There Isn't Enough develops a rigorous yet accessible presentation of the state-of-the-art for the adjudication of conflicting claims and the theory of taxation. It covers all aspects one may wish to know about claims problems: the most important...
Shipping has been the international business par excellence in many national economies, one that preceded trends in other, more highly visible sectors of international economic activity. Nevertheless, in both business or economic history, shipping has remained...
Today, the cohesion of multi-ethnic societies is at risk across the globe. Throughout history, to the present day, African countries have been facing this challenge. Historical inequalities and social division undermine cohesion and sow seeds of instability. How can...
A Great Deal of Ruin provides an accessible introduction to the enduring problem of financial crises. Illustrated with historical analysis, case studies, and clear economic concepts, this book explains in three parts what financial crises are, how they are caused and...
Now in its second edition, A Textbook of Cultural Economics is an established resource for many courses, including economics of the arts, the cultural and media industries, and the digital creative economy. Authored by Ruth Towse, a widely recognised expert in cultural...
Bayesian Econometric Methods examines principles ofBayesian inference by posing a series of theoretical and applied questions and providing detailed solutions to those questions. This second edition adds extensive coverage of models popular in finance and...
No organization is immune from the influence of management tools. Such tools as norms, indicators, ranking, evaluation grids and management control systems have moved outside the managerial and consultancy realm within which they were first developed to reach public...
Beginning with the belief that the study of leadership belongs to all and to no one in particular, the author offers twenty-seven stable and unchanging elements for the study of leadership, and collects them under four themes: context, shared purpose, language, and...
The book explores how various social settings are partially organized even when they do not form part of a formal organization. It also shows how even formal organizations may be only partially organized. Professors Göran Ahrne and Nils Brunsson first established the...
More students study management and organization studies than ever, the number of business schools worldwide continues to rise, and more management research is being published in a greater number of journals than could have been imagined twenty years ago. Dennis Tourish...
Sustainable businesses create economic and social value while simultaneously protecting the natural environment for future generations. This examination of environmental sustainability through the lens of the family business identifies factors that help family and...
The first of its kind, this Handbook mobilizes research on an emerging phenomenon, Open Strategy. As new technologies and societal pressures have precipitated employees, business partners, shareholder groups and other stakeholders into deeper involvement in strategy,...
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