Restricted Participation on Financial Markets: A General Equilibrium Approach Using Variational Inequality Methods

We deal with the analysis of a general equilibrium model with restricted participation in financial markets and with numeraire assets. We consider an exchange economy and assume that there are two periods of time and S possible states of nature in the second period. Markets may in principle be compl...

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Veröffentlicht in:	Networks and spatial economics 2022-06, Vol.22 (2), p.327-359
Hauptverfasser:	Donato, Maria Bernadette, Milasi, Monica, Villanacci, Antonio
Format:	Artikel
Sprache:	eng
Schlagworte:	Civil Engineering Economic activity Economics Economics and Finance Equilibrium Households Inequality Operations Research/Decision Theory Regional/Spatial Science Securities markets
Online-Zugang:	Volltext
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