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Chapter 1. Introduction -- Chapter 2. Rediscovering Classical Economics in the Laboratory -- Chapter 3. Price Formation: Overview of the Theory -- Chapter 4. Price Formation: Partial Equilibrium -- Chapter 5. Price Formation: General Equilibrium -- Chapter 6. Financial Instability: Re-tradable...
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I Preliminaries: Introduction -- Abstract Social Choiuce Problems and Concrete Resource Allocation Problems -- Describing an Allocation Problem: a Checklist -- II Axiom Types: Axiom Format -- Axiom Content: Delineating Broad Categories -- Axiom Content: Punctual Requirements on Welfare...
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-volatility models, have traditionally been dominating the empirical finance literature. In recent years, with the availability of high …
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It is theoretically clear and may be verified empirically that efficient financial markets can make it less necessary for policy to try and offset the welfare effects of labour income risk and unequal consumption dynamics. The literature has also pointed out that, since international competition...
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Innovations in the finance industry are an important tool to enhance profitability and to increase a nation's wealth …. It, therefore, is not astonishing that there is much empirical work on innovations in finance. Most of the work however … enhance risk control, how do we generate new processes that may enhance the profitability of finance business? The second …
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