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.
Existence of financial equilibria with endogenous short selling restrictions and real assets / Michele Gori; Marina Pireddu; Antonio Villanacci. - In: DECISIONS IN ECONOMICS AND FINANCE. - ISSN 1593-8883. - STAMPA. - 37:(2014), pp. 349-371. [10.1007/s10203-013-0144-z]
Existence of financial equilibria with endogenous short selling restrictions and real assets
GORI, MICHELE;VILLANACCI, ANTONIO
2014
Abstract
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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