This study provides rigorous empirical evidence that an increase in market power of dominant banks within deposit markets does not necessarily translate into attenuation of non-dominant banks' capacity for funding of loan commitments. This is evident in the finding that while non-dominant banks...

Suppose consumers value products solely because they purvey `characteristics', ζ, which composed with time are sources of utility. Necessarily, there exists a `consumption technology (CT)', and `innovation technology (IT)' serves for the satisfaction of CT. This study arrives at an equilibrium...

There exists debate as to whether markets consist of heterogeneous realizations of risk averse agents, or a mix of risk averse and risk seeking agents. This study provides formal theoretical general equilibrium evidence that agents in any market are parameterized by either of global risk...

This study parameterizes 'Curiosity' as measure of innovation potential of individual economic agents. In presence of discovery of two additional factors, which I term, PARQ and IDRA, that dominate `Curiosity' as measure of innovation potential, there is arrival at parameterization of three...

In this paper, I find a charter which allows Government Sponsored Enterprises (Fannie Mae) that guarantee mortgage backed securities (MBS) to act as liquidity providers within secondary mortgage markets is beneficial for MBS prices and dealers' transaction costs. I also demonstrate that the...

This study establishes analytical closed-form mathematical parameterizations for each of overconfidence or underconfidence that boundedly are rational. Given that, feasibly `boundedly rational overconfident (BRoverconfident)' agents revert, over time, to `boundedly rational underconfidence...

Suppose arrival of a new technology in the real sector of an economy. Suppose firms that are sources of the new technology seek to list in stock markets. This study finds that, in the limit, presence of, at the very least, one high quality firm in the origin time listing cluster, and presence of...

If a discretely formulated asset pricing model rivals efficacy of the Black and Scholes (1973) option pricing model, with canonical properties of option prices satisfied, rather counterfactually it spans a support space for call option prices that is continuous. Absent any directness of modeling...

Let θ denote anterior probability of equilibrium and ((r(RS))/(r(RA))), ratio of returns to assets that strictly are preferred by risk averse (RA) or risk seeking agents (RS). There exists some range, θ⊆θ satisfying, 0θ1 in context of which each of RA and RS are parameterized by increasing...