Listagem Produção Intelectual em Bases Externas por autor "Braido, Luís Henrique Bertolino"
Itens para a visualização no momento 1-9 of 9
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Adverse selection and risk aversion in capital markets
2011-12We generalize Boadway and Keen's model of adverse selection in capital markets to allow for risk aversion on the part of entrepreneurs. We use the new model to analyze two types of policies. We first consider policies that ... -
Ergodic Markov equilibrium with incomplete markets and short sales
2013This paper studies recursive exchange economies with short sales. Agents maximize discounted expected utility. The asset structure is general and includes real securities, infinite-lived stocks, options, and other derivatives. ... -
Gender bias in intrahousehold allocation: evidence from an unintentional experiment
2012-05We use data from a Brazilian social program to investigate the existence of gender bias in intrahousehold allocations of resources. The program makes cash transfers to mothers and pregnant women in poor households. ... -
General equilibrium with endogenous securities and moral hazard
2005-07This paper studies a class of general equilibrium economies in which the individuals' endowments depend on privately observed effort choices and the financial markets are endogenous. The environment is modeled as a two-stage ... -
Monopoly rents in contestable markets
2015-05Random choices of prices and product characteristics can be used by a contestable monopolist to deter entry and fully extract the monopoly rent. We develop this idea in a model of Bertrand price competition. In equilibrium, ... -
Multiproduct price competition with heterogeneous consumers and nonconvex costs
2009-09-20This paper extends the oligopolistic model of price competition to environments with multiple goods, heterogeneous consumers, and arbitrary continuous cost functions. A Nash equilibrium in mixed strategies with an endogenous ... -
Options can induce risk taking for arbitrary preferences
2006-04It is widely believed that call options induce risk-taking behavior. However, Ross (2004) challenges this intuition by demonstrating the impossibility of inducing managers with arbitrary preferences to always act as if ... -
Output contingent securities and efficient investment by firms
2018We analyze competitive economies with risky investments. Unlike the classic Arrow-Debreu framing, firms and agents cannot contract upon the exogenous states underlying production risks. They can trade equities and any ... -
Trading constraints penalizing default: a recursive approach
2008-01-20This paper proves existence of an ergodic Markov equilibrium for a class of general equilibrium economies with infinite horizon, incomplete markets, and default. Agents may choose to deny their liabilities and face trading ...
