Browsing FGV EPGE - Seminários de Pesquisa Econômica by Subject "Economia matemática"

Adverse selection without the single crossing condition

Moreira, Humberto Ataíde
1998-08-27

Equilibrium option pricing and market incompleteness driven by illiquidity

Matos, João Amaro de
2001-07-26

Is there a general criterion for dynamic efficiency?

Martins, Marco Antonio Campos
1999-08-26

This paper analyses an overlapping generations model with absolute bequest motive. It is shown that the widely accepted criterion to verify dynamic efficiency does not apply to this case. In our model the social planner ...

Market clearing sealed-bid auctions for non-identical objects with single-unit demands

Sotomayor, Marilda Antonia de Oliveira
1999-09-09

We consider a version of the cooperative buyer-seller market game of Shapley and Shubik (1972). For this market we propose a c1ass of sealed- bid auctions where objects are sold simultaneously at a market c1earing price ...

Portifolio selection with random transaction costs

Nazareth, Marcelo
2000-05-11

Transaction costs have a random component in the bid-ask spread. Facing a high bid-ask spread, the consumer has the option to wait for better terms oI' trade, but only by carrying an undesirable portfolio balance. We present ...