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Existence of financial market equilibria with transaction costs

โœ Scribed by MARTA LAITENBERGER


Book ID
112264467
Publisher
Elsevier Science
Year
1996
Weight
145 KB
Volume
50
Category
Article
ISSN
0035-5054

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Network decomposition of general financi
โœ Nagurney, Anna; Dong, June ๐Ÿ“‚ Article ๐Ÿ“… 1996 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 647 KB

In this paper, we developed a new general financial equilibrium model with transaction costs which considers multiple sectors of an economy, each of which seeks to determine its optimal composition of instruments held as assets and as liabilities in its portfolio. The governing equilibrium condition