Browsing Research Articles (Economics) by Subject "General equilibrium"

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A constructive proof of the existence of collateral equilibrium for a two-period exchange economy based on a smooth interior-point path

Ma, Wei (Springer, 2015-01)

In the real economic world, we often suffer from the default risk—the present financial crisis could serve as an evidence. The long established idea for inhibiting the default behavior is to resort to collateral, and ...
The existence and efficiency of general equilibrium with incomplete markets under Knightian uncertainty

Ma, Wei (Elsevier, 2015-09)

This paper first establishes the existence of equilibrium for an economy with Knightian uncertainty and incomplete markets, and then demonstrates the constrained Pareto efficiency of the equilibrium when there is one ...
Interaction of formal and informal financial markets in quasi-emerging market economies

Ngalawa, Harold; Viegi, Nicola (Elsevier, 2013-03)

The primary objective of this paper is to investigate the interaction of formal and informal financial markets and their impact on economic activity in quasi-emerging market economies. Using a four-sector dynamic ...

Now showing items 1-3 of 3

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