Theory of Incomplete Markets, Vol. 1
Author: Michael Magill, Martine Quinzii
List Price: $47.00
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ISBN: 0262632543
Publisher: MIT Press (07 February, 2002)
Sales Rank: 649,129
Average Customer Rating: 3.67 out of 5
Customer Reviews
Rating: 5 out of 5
Unfair
The previous review is not only unfair, but also irrelevant. If you do not like the field of GE under incomplete markets, fine. But then you would certainly not be in a position to comment on any book in the field, would you? Moreover, comparing apples and bananas has never been the brightest of ideas: this is not finance, this is GE under incomplete markets.
Rating: 1 out of 5
Esoteric and Useless
If you want to learn about finance, go read Cochrane's Asset Pricing. Magill and Quinzii's book starts off from a very broad model, called "General Equilibrium under Incomplete Markets", and by the time that you've understood all the notation, you're basically at the end of their book. Yield curve, Black and Scholes, Continuous time finance, Futures, Corporate Finance... don't think it's in their book. The authors have a perception of financial economics that is ivory tower like, not applicable, and esoteric. But then again, if you want to be theorist, this might be just the right book for you. If you want to be more than an "...", really, go read Cochrane, Hull (on contingent claims), and Merton's Continuous Time Finance (now that's a book (bible) worth spending some time on) and many other high quality textbooks. You will have spent wise money instead of buying an outdated, overrated/pretentious, boring and useless textbook.
Rating: 5 out of 5
The best text on the theory of incomplete markets
Magill and Quinzii provides a one-stop shop for masters/PhD level introduction to the theory of incomplete markets. The book covers the main topics in a highly readable manner and with very good examples. It is also the only book in the market that focuses on incomplete markets in such a detailed way. I believe the book belongs in the library of all students of advanced financial economics. Similar Products
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