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Existence of Steady States for Over-the-Counter Market Models with Several Assets

We introduce and study three classes of over-the-counter markets specified by systems of Ordinary Differential Equations (ODE's), in the spirit of Duffie-G\^{a}rleanu-Pedersen, Over-the-Counter markets, Econometrica, 73 (2005). The key innovation is allowing for multiple assets. We compute the steady states for these ODE's.
Year of publication:
2014-11
Authors: Belanger, Alain ; Giroux, Gaston ; Ndoune, Ndoune
Institutions: arXiv.org
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Source:
Persistent link: https://www.econbiz.de/10011086432
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