𝔖 Bobbio Scriptorium
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Walrasian prices in markets with tradable rights

✍ Scribed by Carlos Hervés-Beloso; Francisco Martínez; Jorge Rivera


Book ID
105867040
Publisher
Springer
Year
2011
Tongue
English
Weight
194 KB
Volume
49
Category
Article
ISSN
0938-2259

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Equilibrium pricing of contingent claims
✍ 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