Equilibrium analysis in financial markets with countably many securities - Aliprantis, Florenzano, et al. () Citation Context ...e free prices The present work originated from questions in financial economics. It is motivated by the counter example in [7] and the resolution of the economic ...
The paper demonstrates the generic existence of general equilibria in incomplete financial markets with asymmetric information. The economy has two periods and an ex ante uncertainty over the state of nature to be revealed at the second period. Securities pay off in cash or commodities at the secon...
Equilibrium Partners with CPUcoin In Preparation for MediaRich Content Cloud December 19, 2019 CPUcoin and Equilibrium live test large-scale decentralized CPU/GPU sharing economy network to power on-demand content cloud services CAYMAN ISLANDS, December... ...
This chapter introduces the setup for the equilibrium models that extends, among others, the works of Kyle and Back. It also contains some key results that will be relevant for the characterisation of the equilibrium. Finally the equilibrium will be derived and discussed in Chaps. 7 and 8....
, timely introduction of new technologies, SMIC’s ability to ramp new products into volume, supply and demand for semiconductor foundry services, industry overcapacity, shortages in equipment, components and raw materials, availability of manufacturing capacity, and financial stability inendmarkets....
Suppose short-run aggregate supply in the economy is x=.5+.5(Y-10). What is the equilibrium output of the economy? What is ceteris paribus in economics? How are consumer and production related in economics? How do economists define equilibrium in financial markets?
We model a continuous-time economy with a continuum of investors who differ both in belief and time preference rate and analyze the impact of these heterogeneities on the behavior of financial markets. In particular, we allow the two types of heterogeneity to be correlated: a negative correlation...
Equilibrium in collateralized asset markets: Credit contractions and negative equity loans 来自 科研支点 喜欢 0 阅读量: 39 作者:MA Iraola,JP Torres-Martínez 摘要: We address a general equilibrium model with collateralized debt, credit contractions, and financial market segmentation. Restrictions on ...
In economics, what are the three steps to analyze changes in equilibrium? What are the primary price inputs in the microeconomic market? What is the condition of equilibrium in macroeconomics? How do economists define equilibrium in financial markets?
This is my classic paper concerning existence and optimality in general financial equilibrium with incomplete financial markets, written in the spring of 1984 but only just now being published. The so-called Cass trick was first formulated and utilized in the analysis presented here. ...