Financial Congestion

Individuals have an increased incentive to invest when they know that they can sell their investments whenever they need funds. However, such an increase in investments reduces the returns by exacerbating the negative externalities individuals impose on each other whenever they invest. As a result, setting up a financial market that lets individuals trade their assets may reduce welfare

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Year of publication:	2022
Authors:	Okat, Deniz
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Verkehrsstau \| Traffic congestion \| Engpass \| Bottleneck \| Maut \| Road pricing \| Finanzmarkt \| Financial market \| Finanzsektor \| Financial sector

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Extent:	1 Online-Ressource (8 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 25, 2022 erstellt
Other identifiers:	10.2139/ssrn.4286186 [DOI]
Classification:	D52 - Incomplete Markets ; D53 - Financial Markets ; D62 - Externalities
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014237951