Results 1 to 10 of about 810,945 (328)
Debt-Constrained Asset Markets [PDF]
The Review of Economic Studies, 1993 Summary: We develop a theory of general equilibrium with endogenous debt limits in the form of individual rationality constraints similar to those in the dynamic consistency literature. If an agent defaults on a contract, he can be excluded from future contingent claims markets trading and can have his assets seized.
Timothy J. Kehoe, David K. Levine
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Journal of Mathematical Economics, 2005 This paper models asset markets as a game where assets pay according to an arbitrary payoff matrix,investors decide on fractions of wealth to allocate to each asset,and prices result from market clearing.
Ana B. Ania, Carlos Alós-Ferrer
core +5 more sources
GIMS-Software for asset market experiments. [PDF]
J Behav Exp Finance, 2015 In this article we lay out requirements for an experimental market software for financial and economic research. We then discuss existing solutions. Finally, we introduce GIMS, an open source market software which is characterized by extensibility and ease of use, while offering nearly all of the required functionality.
Palan S.
europepmc +4 more sources
Statistical mechanics of asset markets with private information [PDF]
, 2001 Traders in a market typically have widely different, private information on the return of an asset. The equilibrium price of the asset may reflect this information more accurately if the number of traders is large enough compared to the number of the ...
Berg, Johannes +3 more
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Asset Trees and Asset Graphs in Financial Markets [PDF]
Physica Scripta, 2003 This paper introduces a new methodology for constructing a network of companies called a dynamic asset graph. This is similar to the dynamic asset tree studied recently, as both are based on correlations between asset returns. However, the new modified methodology does not, in general, lead to a tree but a graph, or several graphs that need not be ...
Jukka‐Pekka Onnela +4 more
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IEEE Access, 2023 Multi-asset portfolio selection is an asset allocation strategy involving a variety of assets. Adaptive investment strategies which consider the dynamic market characteristics of individual assets and asset classes are vital for maximizing returns and ...
Jinkyu Kim +3 more
doaj +1 more source
Risks, 2023 This study assesses the dynamic relationship between macroeconomic factors and bank asset quality based on changes in the condition of stock market returns.
Richard Apau +2 more
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IJEBD (International Journal of Entrepreneurship and Business Development), 2021 Purpose: This research aims to determine the effect of intellectual capital on market value with financial performance as an intervening variable. Design/methodology/approach: This study uses quantitative methods, the population used in this study is
Sriyono Sriyono +2 more
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Ambiguity and Asset Markets [PDF]
Annual Review of Financial Economics, 2010 The Ellsberg paradox suggests that people's behavior is different in risky situations—when they are given objective probabilities—from their behavior in ambiguous situations—when they are not told the odds (as is typical in financial markets). Such behavior is inconsistent with subjective expected utility (SEU) theory, the standard model of choice ...
Larry G. Epstein, Martin Schneider
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Interpretable asset markets? [PDF]
European Economic Review, 2005 Abstract In this paper we show that measures of economic uncertainty (conditional volatility of consumption) predict and are predicted by valuation ratios at long horizons. Further we document that asset valuations drop as economic uncertainty rises—that is, financial markets dislike economic uncertainty.
Bansal, Ravi +2 more
openaire +3 more sources