On the Pricing Rule in Electronic Auctions

2008 ◽  
Author(s):  
Brent Richard Hickman
Keyword(s):  
Electronic Auctions ◽  
Pricing Rule

scholarly journals Electronic Auctions in Finland

2006 ◽  
pp. 143-154
Author(s):  
Virpi Kristiina Tuunainen ◽  
Matti Rossi ◽  
Jussi Puhakainen
Keyword(s):  
Electronic Auctions

scholarly journals A multi-criteria model for electronic auctions

2004 ◽  
Author(s):  
Marie-Jo Bellosta ◽  
Imène Brigui ◽  
Sylvie Kornman ◽  
Daniel Vanderpooten
Keyword(s):  
Electronic Auctions

Article 35 ELECTRONIC AUCTIONS

2021 ◽  
pp. 392-407
Author(s):  
Mari Ann Simovart
Keyword(s):  
Electronic Auctions

scholarly journals A Discrete Time Benchmark Approach for Insurance and Finance

2003 ◽  
Vol 33 (2) ◽  
pp. 153-172 ◽  
Author(s):  
Hans Bühlmann ◽  
Eckhard Platen
Keyword(s):  
Discrete Time ◽  
Jel Classification ◽  
Optimal Portfolio ◽  
Contingent Claim ◽  
Fair Price ◽  
Growth Optimal Portfolio ◽  
Fair Pricing ◽  
Pricing Rule ◽  
Benchmark Approach ◽  
Secondary 60G30

This paper proposes a consistent approach to discrete time valuation in insurance and finance. This approach uses the growth optimal portfolio as reference unit or benchmark. When used as benchmark, it is shown that all benchmarked price processes are supermartingales. Benchmarked fair price processes are characterized as martingales. No measure transformation is needed for the fair pricing of insurance policies and derivatives. The standard actuarial pricing rule is obtained as a particular case of fair pricing when the contingent claim is independent from the growth optimal portfolio.1991 Mathematics Subject Classification: primary 90A12 secondary 60G30, 62P20JEL Classification: G10, G13

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