Now showing items 21-22 of 22

    • Recursive equilibrium with Price Perfect Foresight and a minimal state space 

      Raad, Rodrigo Jardim
      2016-01
      This paper analyzes general equilibrium models with finite heterogeneous agents who anticipate future prices through a price expectation function with or without accuracy. I show the existence of a recursive equilibrium ...
    • Regulating collateral-requirements when markets are incomplete 

      Araújo, Aloísio Pessoa de; Kubler, Felix; Schommer, Susan
      2012-03
      In this paper we examine the effects of default and collateral on risk sharing. We assume that there is a large set of assets which all promise a risk less payoff but which distinguish themselves by their collateral ...