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Document Details :

Title: Hedging in Financial Markets
Author(s): BAXTER, Martin
Journal: ASTIN Bulletin
Volume: 28    Issue: 1   Date: May 1998   
Pages: 5-16
DOI: 10.2143/AST.28.1.519076

Abstract :
This (mostly) expository paper describes the importance of hedging to the pricing of modern financial products and how hedging may be achieved even when the traditional Black-Scholes assumptions are absent.