Narrow search
Showing 1 - 10 of 107,598
Cover Image
Mixed signals : investment distortions with adverse selection
Darst, R. Matthew; Refayet, Ehraz - 2019
We study how adverse selection distorts equilibrium investment allocations in a Walrasian credit market with two …-sided heterogeneity. Representative investor and partial equilibrium economies are special cases where investment allocations are … trade and investment allocations below perfect information levels. The degree of heterogeneity between informed agents' type …
Persistent link: https://www.econbiz.de/10012181247
Cover Image
The Need for Efficient Investment : Fundamental Analysis and Technical Analysis
Bonga, Wellington Garikai - 2015
Investment opportunities are plenty, but not all are profitable. This papers seeks to clarify the need to make a proper …. Efficient investment involves the use of both fundamental analysis and technical analysis …
Persistent link: https://www.econbiz.de/10013024543
Cover Image
Efficiency of Competitive Equilibria With Hidden Action : The Role of Separable Preference
Panaccione, Luca - 2007
In the present paper we study the efficiency properties of competitive equilibria in economies with hidden action and multiple goods. We borrow the description of the economy from Lisboa [3] and we apply a method of proof close in spirit to the one used in the literature on incomplete financial...
Persistent link: https://www.econbiz.de/10012730371
Cover Image
Default and Punishment in General Equilibrium
Dubey, Pradeep K.; Geanakoplos, John; Shubik, Martin - 2003
We extend the standard model of general equilibrium with incomplete markets to allow for default and punishment by thinking of assets as pools. The equilibrating variables include expected delivery rates, along with the usual prices of assets and commodities. By reinterpreting the variables, our...
Persistent link: https://www.econbiz.de/10014128751
Cover Image
Default and Punishment in General Equilibrium
Dubey, Pradeep K.; Geanakoplos, John; Shubik, Martin - 2004
We extend the standard model of general equilibrium with incomplete markets to allow for default and punishment by thinking of assets as pools. The equilibrating variables include expected delivery rates, along with the usual prices of assets and commodities. By reinterpreting the variables, our...
Persistent link: https://www.econbiz.de/10014070241
Cover Image
Default and Punishment in General Equilibrium
Dubey, Pradeep K.; Geanakoplos, John; Shubik, Martin - 2004
We extend the standard model of general equilibrium with incomplete markets to allow for default and punishment by thinking of assets as pools. The equilibrating variables include expected delivery rates, along with the usual prices of assets and commodities. By reinterpreting the variables, our...
Persistent link: https://www.econbiz.de/10014074211
Cover Image
Moral Hazard and Efficiency in General Equilibrium with Anonymous Trading
Acemoglu, Daron - 2010
A "folk theorem" originating, among others, in the work of Stiglitz maintains that competitive equilibria area always or "generically" inefficient (unless contracts directly specify consumption levels as in Prescott and Townsend, thus bypassing trading in anonymous markets). This paper...
Persistent link: https://www.econbiz.de/10013144184
Cover Image
Public policy for venture capital
Keuschnigg, Christian; Nielsen, Søren Bo - 2001
investment, and output subsidies at the production stage. While these measures stimulate entrepreneurship, only cost …
Persistent link: https://www.econbiz.de/10011398877
Cover Image
Public policy for venture capital
Keuschnigg, Christian; Nielsen, Søren Bo - 2001
investment, and output subsidies at the production stage. While these measures stimulate entrepreneurshiip, only cost …
Persistent link: https://www.econbiz.de/10011536274
Cover Image
Tax policy, venture capital, and entrepreneurship
Keuschnigg, Christian; Nielsen, Søren Bo - 2000
, progressive taxation as well as investment and output subsidies to the entrepreneurial sector. …
Persistent link: https://www.econbiz.de/10011536625