Existence of financial equilibria with endogenous short selling restrictions and real assets

We consider a model with real assets and restricted participation described by household specific price dependent short selling constraints. We show existence of equilibria for all elements in an explicitly characterized large subset of the set of economies.

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Year of publication:	2010-05
Authors:	Gori, Michele ; Pireddu, Marina ; Villanacci, Antonio
Institutions:	Dipartimento di Scienze per l'Economia e l'Impresa, Università degli Studi di Firenze
Subject:	General equilibrium \| Restricted participation \| Financial markets \| Real assets

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Extent:	application/pdf
Series:	Working Papers - Mathematical Economics.
Type of publication:	Book / Working Paper
Notes:	Number 2010-07 16 pages
Classification:	D50 - General Equilibrium and Disequilibrium. General ; D52 - Incomplete Markets ; D53 - Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008498510