Bücher von Satya R. Chakravarty

In this book we are concerned with income profile based ethical social index numbers. For example, an ethical relative inequality index determines the fraction of total income that could be saved without any welfare loss if society distri buted incomes equally.

This monograph initially offers a systematic treatment of the theory and methodology of alternative notions of income polarization and related issues. It then goes on to analyze social polarization, ordinal polarization, and the relations between inequality polarization, fractionalization and likelihood of conflicts.

This book uses welfare theoretic and descriptive approaches to present recent advances in the study of inequality, polarization and poverty. It is filled with graphs, charts, and non-technical explanations of technical terms and mathematical operations.

An Outline of Financial Economics presents a systematic treatment of the theory and methodology of finance and economics. The book follows an analytical and geometric methodology, explaining technical terms and mathematical operations in clear, non-technical language, and providing intuitive explanations of the mathematical results. The text begins with a discussion of financial instruments, which form the basis of finance theory, and goes on to analyze bonds which are regarded as fixed income securities in a simple framework, and to discuss the valuation of stocks and cash flows in detail. Highly relevant topics such as attitudes toward risk, uncertainty, the financial structure of a firm, stochastic dominance, portfolio management, option pricing and conditions for non-arbitrage are analyzed explicitly. Because of its wide coverage and analytical, articulate and authoritative presentation, An Outline of Financial Economics will be an indispensable book for finance researchers and undergraduate and graduate students in fields such as economics, finance, econometrics, statistics and mathematics.