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"Less is more" or "more is better"? : the effect of asymmetric information distribution on market efficiency and wealth inequality

Caferra, Rocco; Nuzzo, Simone; Morone, Andrea - In: Journal of economic interaction and coordination 18 (2023) 2, pp. 233-250

Persistent link: https://www.econbiz.de/10014253238

Inefficient Bubbly Booms?

Dong, Feng; Jiao, Yang; Sun, Haoning - 2023

We show the competing effects of a housing bubble on the real economy by developing a two-sector dynamic model with housing production. On the one hand, firms can sell or collateralize their houses to obtain financing, so a housing bubble helps firms obtain credit to finance their investment and...

Persistent link: https://www.econbiz.de/10014353342

Structural Biases in Prudential Regulation of Banks

Tonveronachi, Mario - 2013

Since the late 1980s financial systems have gradually gone through profound changes in their regulatory framework. The most notable trait of this evolution is convergence towards some basic principles laid down by the Basle Committee on Banking Supervision. While some countries opted not to...

Persistent link: https://www.econbiz.de/10013091019

Financing the Capital Development of the Economy : A Keynes-Schumpeter-Minsky Synthesis

Mazzucato, Mariana - 2015

Persistent link: https://www.econbiz.de/10013023068

On the "usual" misunderstandings between econophysics and finance : some clarifications on modelling approaches and efficient market hypothesis

Ausloos, Marcel; Jovanovic, Franck; Schinckus, Christophe - In: International review of financial analysis 47 (2016), pp. 7-14

Persistent link: https://www.econbiz.de/10011624013

Investigating efficiency of frontier stock markets using multifractal detrended fluctuation analysis

Aslam, Faheem; Ferreira, Paulo; Mohti, Wahbeeah - In: International journal of emerging markets 18 (2023) 7, pp. 1650-1676

Persistent link: https://www.econbiz.de/10014333916

Modern Financial Market Theory – A Critique Based on the Logic of Human Action

Polleit, Thorsten - In: Credit and Capital Markets – Kredit und Kapital 54 (2021) 3, pp. 447-467

The modern financial market theory (MFMT) – based on the efficient market hypothesis, rational expectation theory, and … modern portfolio theory – has become the standard approach in financial market economics. In this article, the MFMT will be … critically reviewed using the logic of human action (or: praxeology) as an epistemological metatheory. It will be shown that …

Persistent link: https://www.econbiz.de/10014524457

Heterogeneous agent models in economics and finance

Hommes, Cars H. - 2005

This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...

Persistent link: https://www.econbiz.de/10011343261

Endogenous Crisis and the Economic Paradigm

Sy, Wilson N. - 2012

of its central objectives. Economic theory without crises is like medical theory without diseases …

Persistent link: https://www.econbiz.de/10013109184

A stock-flow approach to a general theory of pricing

Pilkington, Philip - 2013

The paper seeks to lay out a stock-flow-based theoretical framework that provides a foundation for a general theory of … properly general theory of pricing that can be applied to any market - whether financial, real, or a real market that has been …

Persistent link: https://www.econbiz.de/10010211946