Tales in Economic theory and Mathematical Statistics: Three essays

This book contains three essays in economic theory: "Myerson-Satterthwaite theorem and asymmetric auctions", "Auction theory and a note on game mechanisms", and the third essay entitled "Review of the binomial and trinomial models for option pricing and their convergence to the Black-Scholes model determined option prices". In each of these essays mathematical statistics, alongside numerical optimizations has been used to prove theorems in microeconomics.

Autorentext

Dushko Josheski was born on 29 August 1983 in Bitola,Macedonia. He was awarded Msc in Economics for Business Analysis at Staffordshire University, UK with Merit in 2008. Dushko Received first prize in Annual competition for Young Researchers in the field of Macroeconomics organized by the National bank of Republic of Macedonia.

Klappentext

This book contains three essays in economic theory: "Myerson-Satterthwaite theorem and asymmetric auctions", "Auction theory and a note on game mechanisms", and the third essay entitled "Review of the binomial and trinomial models for option pricing and their convergence to the Black-Scholes model determined option prices". In each of these essays mathematical statistics, alongside numerical optimizations has been used to prove theorems in microeconomics.