Innovation in Decentralized Markets

This paper examines security design in imperfectly competitive markets in which assets clear separately rather than jointly. Derivatives are generally nonredundant even with zero asset supply. We characterize the scope for introducing nonredundant derivatives and examine the welfare effects of new assets. We compare welfare effects of derivatives vs. innovation in trading technology

MoreLess

Year of publication:	2020
Authors:	Rostek, Marzena J.
Other Persons:	Yoon, Ji Hee (contributor)
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Innovation \| Marktmechanismus \| Market mechanism \| Gleichgewichtstheorie \| Equilibrium theory \| Suchtheorie \| Search theory \| Innovationsmanagement \| Innovation management \| Verhandlungen \| Negotiations

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (29 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 19, 2020 erstellt
Other identifiers:	10.2139/ssrn.3631479 [DOI]
Classification:	d47 ; D53 - Financial Markets ; G11 - Portfolio Choice ; G12 - Asset Pricing ; D82 - Asymmetric and Private Information
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012830672