Lmv Financial Services Pvt Ltd Hyderabad, Telangana

In the context of theory and practice, this special issue of the Journal of Economic Theory on financial market innovation and security design. The main focus is on security design in incomplete financial markets, possibly with asymmetrically informed Investment banks that create new products do not charge higher prices in the brief period of monopoly before imitative products appear, and in the long-run charge prices below, not above, those charged by rivals offering imitative products