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Existence of financial equilibria with endogenous short selling restrictions and real assets

Gori, Michele; Pireddu, Marina; Villanacci, Antonio - In: Decisions in economics and finance : DEF ; a journal of … 37 (2014) 2, pp. 349-371

Persistent link: https://www.econbiz.de/10010412443

The existence of informationally efficient markets when individuals are rational

Muendler, Marc-Andreas - 2004

A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing asset price - contrary to a wide-held conjecture. Generalizing the common additive signal-return model with CARA utility to the family of distributions with moment generating...

Persistent link: https://www.econbiz.de/10011451345

Equilibrium in incomplete markets with differential information : a basic model of generic existence

Boisdeffre, Lionel de - 2021

Persistent link: https://www.econbiz.de/10012667148

Growth and Equilibrium Indeterminacy : The Role of Capital Mobility

Lahiri, Amartya - 1999

The paper presents a human capital driven endogenous growth model which, in general, permits a multiplicity of … equilibrium balanced growth paths. It is shown that allowing for perfect capital mobility across countries increases the range of … parameter restrictions, the steady state growth rate is unambiguously higher for an open economy than a closed economy …

Persistent link: https://www.econbiz.de/10014207756

Preopening and equilibrium selection

Calcagno, Riccardo; Lovo, Stefano M. - 2010

We introduce a form of pre-play communication that we call preopening. During the preopening, players announce their tentative actions to be played in the underlying game. Announcements are made using a posting system which is subject to stochastic failures. Posted actions are publicly...

Persistent link: https://www.econbiz.de/10011380033

Equilibrium Bitcoin Pricing

Biais, Bruno - 2020

We offer an equilibrium model of cryptocurrency pricing and confront it to new data on bitcoin transactional benefits and costs. The model emphasises that the fundamental value of the cryptocurrency is the stream of net transactional benefits it will provide, which depend on its future prices....

Persistent link: https://www.econbiz.de/10012851193