Equilibrium with transaction costs


I will discuss the existence of a Radner equilibrium in a model with proportional transaction costs and the effects of transaction costs on the endogenously-derived interest rates. Two agents receive exogenous, unspanned... [ view full abstract ]


  1. Kim Weston (Rutgers University)

Topic Areas

Equilibrium Models , Transaction Costs


TH-P-UI » Equilibria: Bubbles and Transaction Costs (14:30 - Thursday, 19th July, Ui Chadhain)

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