Showing 31 - 40 of 511
Persistent link: https://www.econbiz.de/10001584214
Persistent link: https://www.econbiz.de/10005521041
Persistent link: https://www.econbiz.de/10005527088
Persistent link: https://www.econbiz.de/10005374062
Persistent link: https://www.econbiz.de/10005374071
Persistent link: https://www.econbiz.de/10005374355
Persistent link: https://www.econbiz.de/10005374369
Persistent link: https://www.econbiz.de/10005388247
Persistent link: https://www.econbiz.de/10010978979
We provide a price characterization of efficient contingent claims--that is, chosen by at least a rational agent--in multiperiod economies with market frictions. Frictions include market incompleteness, transaction costs, short-selling, and borrowing costs. We characterize the inefficiency cost...
Persistent link: https://www.econbiz.de/10005564135