𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Equilibrium with a market of permits

✍ Scribed by Pierre-André Jouvet; Philippe Michel; Gilles Rotillon

Book ID
113877928
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
164 KB
Volume
59
Category
Article
ISSN
1090-9443

No coin nor oath required. For personal study only.

📜 SIMILAR VOLUMES

Equilibrium pricing of contingent claims
Equilibrium pricing of contingent claims in tradable permit markets
✍ Masaaki Kijima; Akira Maeda; Katsumasa Nishide 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 212 KB

## Abstract We advance a model of the tradable permit market and derive a pricing formula for contingent claims traded in the market in a general equilibrium framework. It is shown that prices of such contingent claims exhibit significantly different properties from those in the ordinary financial