Kling, Alexander; Russ, Jochen; Schmeiser, Hato - Institut für Versicherungswirtschaft <St. Gallen> - 2005
SCHMEISER
WORKING PAPERS ON RISK MANAGEMENT AND INSURANCE NO. 7
EDITED BY HATO SCHMEISER
CHAIR FOR RISK MANAGEMENT …, hence, no specific risk management measures to
ensure the money-back guarantee are necessary. However, for subsidized … put option is the price of
any risk management measure that ensures the money-back guarantee. Hence,
the seller of such …