Results 251 to 260 of about 1,495,174 (299)

A case for incomplete markets [PDF]

open access: possibleJournal of Economic Theory, 2018
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Blume, Lawrence E.   +4 more
openaire   +4 more sources

Incomplete Markets

2021
This chapter focuses on incomplete markets and limited commitment's roles when default varies a deadweight loss. It starts with the assumption that the government can only trade a non-contingent bond. A lack of state contingency generates default in equilibrium, while default affects debt dynamics and consumption smoothing.
Mark Aguiar, Manuel Amador
openaire   +2 more sources

Optimality of Incomplete Markets

Journal of Economic Theory, 1995
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Demange, Gabrielle, Guy, Laroque
openaire   +3 more sources

Incomplete Markets

1998
Abstract This chapter is an introduction to a series of chapters on incomplete markets. We present the general setting in terms of a Markov factor and we discuss how incompleteness comes into play in this model.
Nicholas H. Bingham, Rüdiger Kiesel
  +5 more sources

Infinite Horizon Incomplete Markets

Econometrica, 1994
Summary: The model of general equilibrium with incomplete markets is a generalization of the Arrow-Debreu model which provides a rich framework for studying problems of macroeconomics. This paper shows how the model, which has so far been restricted to economies with a finite horizon, can be extended to the more natural setting of an open-ended future,
Magill, Michael, Quinzii, Martine
openaire   +2 more sources

Home - About - Disclaimer - Privacy