Solutions of Selected Exercises

  • Emilio Barucci
  • Claudio Fontana
Part of the Springer Finance book series (FINANCE)


In this appendix, we provide the detailed solutions to a selection of the exercises proposed at the end of the chapters. The solutions to the exercises that are not solved in this appendix can be found in the solutions manual.


  1. 150.
    Barberis, N., Huang, M. and Santos, T. (2001) Prospect theory and asset prices. Quarterly Journal of Economics, 116:1–53.CrossRefMATHGoogle Scholar
  2. 516.
    Daniel, K., Hirshleifer, D. and Subrahmanyam, A. (1998) Investor psychology and security market under- and overreactions. Journal of Finance, 53:1839–1883.CrossRefGoogle Scholar
  3. 549.
    De Long, B., Shleifer, A., Summers, L. and Waldmann, R. (1990) Noise trader risk in financial markets. Journal of Political Economy, 98:703–737.CrossRefGoogle Scholar
  4. 839.
    Grossman, S. (1976) On the efficiency of competitive stock markets where traders have diverse information. Journal of Finance, 31:573–585.CrossRefGoogle Scholar
  5. 849.
    Grossman, S. and Stiglitz, J. (1980) On the impossibility of informationally efficient markets. The American Economic Review, 70:393–408.Google Scholar
  6. 947.
    Hirshleifer, D., Subrahmanyam, A. and Titman, S. (1994) Security analysis and trading patterns when some investors receive information before others. Journal of Finance, 49:1664–1698.CrossRefGoogle Scholar
  7. 971.
    Huang, C. and Litzenberger, R. (1988) Foundations for Financial Economics. North-Holland, Amsterdam.MATHGoogle Scholar
  8. 1148.
    Kyle, A. (1989) Informed speculation with imperfect competition. Review of Economic Studies, 56:317–356.MathSciNetCrossRefMATHGoogle Scholar
  9. 1589.
    Thorisson, H. (1995) Coupling methods in probability theory. Scandinavian Journal of Statistics, 22:159–182.MathSciNetMATHGoogle Scholar
  10. 1650.
    Weil, P. (1992) Equilibrium asset prices with undiversifiable labor income risk. Journal of Economic Dynamics and Control, 16:769–790.CrossRefMATHGoogle Scholar

Copyright information

© Springer-Verlag London Ltd. 2017

Authors and Affiliations

  • Emilio Barucci
    • 1
  • Claudio Fontana
    • 2
  1. 1.Dipartimento di MatematicaPolitecnico di MilanoMilanoItaly
  2. 2.Laboratoire de Probabilités et Modèles AléatoiresUniversité Paris Diderot (Paris 7)ParisFrance

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