haku: @author Bisin, A. / yhteensä: 4
viite: 4 / 4
« edellinen | seuraava »
Tekijä: | Bisin, A. |
Otsikko: | General equilibrium with endogenously incomplete financial markets |
Lehti: | Journal of Economic Theory
1998 : SEP, VOL. 82:1, p. 19-45 |
Asiasana: | MARKET ECONOMY EQUILIBRIUM THEORY ECONOMIC THEORY |
Kieli: | eng |
Tiivistelmä: | The paper studies a class of general equilibrium economies with imperfectly competitive financial intermediaries and price-taking consumers. Intermediaries optimally choose the securities they issue and the bid-ask spread they charge. An equilibrium concept is developed, and existence is proved. |
« edellinen | seuraava »
SCIMA