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Obregon, Carlos - 2020

economic theory. The main problem of traditional economy is that it has not taken seriously the need to explore the … themselves, have perniciously enter into microeconomics, macroeconomics and economic growth theory. And as a consequence we do … economic theory. The main purpose of this manuscript is to delineate the route towards the consolidation of such a new theory. …

Persistent link: https://www.econbiz.de/10015214327

Fiancial Innovation, Structuring and Risk Transfer

Vanini, Paolo - 2012

Industry, Portfolio Theory Swaps and Financial Markets: IRS, TRS, ALM, ISDA Retail Structured Products Real Estate Asset Class …, Green Banking, Demographic Risk Financial Crisis: Overview Leverage, Systemic Risk, Securitization, Pricing …

Persistent link: https://www.econbiz.de/10015234562

On the pseudo-equilibrium manifold in semi-algebraic economies with real financial assets

Arias-R., Omar Fdo. - 2014

The aim of this paper is to prove that if the consumption set of an economy with incomplete financial markets is semi-algebraic, then the corresponding pseudo-equilibrium manifold is also semi-algebraic. For this, we proceed by constructing an incomplete financial economy with real assets and...

Persistent link: https://www.econbiz.de/10015241550

Existence of equilibrium with unbounded short sales: A new approach

Danilov, Vladimir; Koshovoy, Gleb; Page, Frank; … - 2011

We introduce a new approach to showing existence of equilibrium in models of economies with unbounded short sales. Inspired by the pioneering works of Hart (1974) on asset market models, Grandmont (1977) on temporary economic equilibrium, and of Werner (1987) on general equilibrium exchange...

Persistent link: https://www.econbiz.de/10015231285

Financial bubbles and capital accumulation in altruistic economies

Bosi, Stefano; Ha-Huy, Thai; Le Van, Cuong; Pham, Cao-Tung - 2018

We consider an overlapping generations model à la Diamond (1965) with two additional ingredients: altruism and an asset (or land) bringing non-stationary positive dividends (or fruits). We study the global dynamics of capital stocks and asset values as well as the interplay between them. Asset...

Persistent link: https://www.econbiz.de/10015259223

Action in Economics: Mathematical Derivation of Laws of Economics from the Principle of Least Action in Physics

Kombarov, Sayan - 2021

laws of market, such Say’s law, marginal value and interest rate theory, with the modern results of mathematical economics …, such as Capital Asset Pricing Model (CAPM), game theory and behavioral economics. This principle is well known in classical …

Persistent link: https://www.econbiz.de/10015267579

An extension of the Sard-Smale Theorem to domains with an empty interior

Accinelli, Elvio; Covarrubias, Enrique - 2013

This work extends the Sard-Smale Theorem to maps between convex subsets of Banach spaces that may have an empty interior.

Persistent link: https://www.econbiz.de/10015237317

An extension of the Sard-Smale Theorem to domains with an empty interior

Accinelli, Elvio; Covarrubias, Enrique - 2013

This work extends the Sard-Smale Theorem to maps between convex subsets of Banach spaces that may have an empty interior.

Persistent link: https://www.econbiz.de/10015237416

The impossibility of effective enforcement mechanisms in collateralized credit markets

Ferreira, Thiago Revil T.; Torres-Martínez, Juan Pablo - 2009

We analyze the possibility of the simultaneous presence of three key features in price-taking credit markets: infinity horizon, collateralized credit operations and effective additional enforcement mechanisms, i.e. those implying payments besides the value of the collateral guarantees. We show...

Persistent link: https://www.econbiz.de/10015215895

The impossibility of effective enforcement mechanisms in collateralized credit markets

Ferreira, Thiago Revil T.; Torres-Martínez, Juan Pablo - 2009

Persistent link: https://www.econbiz.de/10015218877