## Research classified by
*Journal of
Economic Literature* (JEL) codes

Top JEL

/ D: Microeconomics

/ / D5: General Equilibrium and Disequilibrium

/ / /

**D52: Incomplete Markets**

**This JEL code is mentioned in the follow RePEc Biblio entries:**

**This topic is covered by the following reading lists:**

Most recent items first, undated at the end.

**Social Health Insurance: A Quantitative Exploration**

*by*Juergen Jung & Chung Tran

**Characterizing Revealing and Arbitrage-Free Financial Markets**

*by*Lionel de BOISDEFFRE

**Job Displacement Risk and Severance Pay**

*by*Marco Cozzi & Giulio Fella

**Speculative Bubble Burst**

*by*cho, hyejin

**Work Incentives of Medicaid Beneficiaries and The Role of Asset Testing**

*by*Pashchenko, Svetlana & Porapakkarm, Ponpoje

**Boosting productivity through greater small business dynamism in Canada**

*by*David Carey & John Lester & Isabelle Luong

**Temporary Migration and Endogenous Risk Sharing in Village India**

*by*Melanie Morten

**A Market Based Solution for Fire Sales and Other Pecuniary Externalities**

*by*Weerachart T. Kilenthong & Robert M. Townsend

**Characterizing revealing and arbitrage-free financial markets**

*by*Lionel De Boisdeffre

**Existence of financial equilibrium with differential information: the no-arbitrage characterization**

*by*Lionel De Boisdeffre

**Speculative Bubble Burst**

*by*Hye-jin Cho

**Insurance in Human Capital Models with Limited Enforcement**

*by*Krebs, Tom & Kuhn, Moritz & Wright, Mark L. J.

**Labor Market Risk in Germany**

*by*Krebs, Tom & Yao, Yao

**A re-examination of constrained Pareto inefficiency in economies with incomplete markets**

*by*Mendolicchio, Concetta & Pietra, Tito

**Endowment redistribution and Pareto improvements in GEI economies**

*by*Mendolicchio, Concetta & Pietra, Tito

**Work Incentives of Medicaid Beneficiaries and the Role of Asset Testing**

*by*Svetlana Pashchenko & Ponpoje Porapakkarm

**When financial imperfections are not the problem, but the solution**

*by*Arvaniti, Maria & Carvajal, Andrés

**Impact of Pension System Structure on International Financial Capital Allocation**

*by*James Staveley-O'Carroll & Olena M. Staveley-O'Carroll

**Private information and business cycle risk sharing**

*by*Alfred Duncan

**Insurance in Human Capital Models with Limited Enforcement**

*by*Krebs, Tom & Kuhn, Moritz & Wright, Mark L. J.

**Credit Default Swaps in General Equilibrium: Spillovers, Credit Spreads, and Endogenous Default**

*by*Darst, R. Matthew & Refayet, Ehraz

**Insurance in human capital models with limited enforcement**

*by*Tom Krebs & Moritz Kuhn & Mark Wright

**Unemployment Insurance with Limited Commitment Wage Contracts and Savings**

*by*Rigas OIKONOMOU

**A Demand Theory of the Price Level**

*by*Hagedorn, Marcus

**Risk-Sharing in Village Economies Revisited**

*by*Bold, Tessa & Broer, Tobias

**Job Displacement Risk and Severance Pay**

*by*Giulio Fella & Marco Cozzi

**Insurance in Human Capital Models with Limited Enforcement**

*by*Tom Krebs & Moritz Kuhn & Mark L. J. Wright

**Securitization and Aggregate Investment Efficiency**

*by*Afrasiab Mirza & Eric Stephens

**Desarrollo de la Banca IslÃ¡mica. El Caso de Indonesia. Contexto y evoluciÃ³n**

*by*Jaime Alcaide Arranz & SimÃ³n Sosvilla-Rivero

**Partially revealing rational expectations equilibrium with real assets and binding constraints**

*by*Michael Zierhut

**Existence and multiplicity of temporary equilibria under nominal price rigidities**

*by*Jacques Dreze

**Market structure, outer versus inner competition: the case of Italy’s credit coop banks**

*by*Paolo Coccorese & Giovanni Ferri & Punziana Lacitignola & Juan Lopez

**Learning from arbitrage**

*by*Lionel Boisdeffre

**The genesis of Health Economics in Kenneth Arrow (1963)**

*by*Jairo Restrepo & Kristian Rojas

**Discerning information from trade data**

*by*Easley, David & de Prado, Marcos Lopez & O'Hara, Maureen

**Financial Innovation, Collateral, and Investment**

*by*Ana Fostel & John Geanakoplos

**On the Optimal Inflation Rate**

*by*Markus K. Brunnermeier & Yuliy Sannikov

**Surrogate Investment System**

*by*V. Zubov & V. Inozemtsev.

**Centralized trading of corporate bonds**

*by*Samuel Huber & Jaehong Kim

**Central bank purchases of government bonds**

*by*Samuel Huber & Jaehong Kim

**Idiosyncratic Risk, Borrowing Constraints and Financial Integration - A Discussion of Ambiguous Results**

*by*Wulff, Alexander & Heinemann, Maik

**Access to Credit and Investment Decisions of Small and Medium-Sized Enterprises in China: Size Matters**

*by*Regis, Paulo José

**Suboptimality with land**

*by*Kokonas, Nikos & Polemarchakis, Herakles

**Short Sales, Destruction of Resources, Welfare**

*by*Kokonas, Nikos & Polemarchakis, Herakles

**Monetary Policy and Welfare in a Currency Union**

*by*D’Aguanno, Lucio

**Prolonged Reserves Accumulation, Credit Booms, Asset Prices and Monetary Policy in Asia**

*by*Andrew J. Filardo, Pierre L. Siklos

**Securitized Markets and International Capital Flows**

*by*Gregory Phelan & Alexis Akira Toda

**Debt Collateralization and Maximal Leverage**

*by*Feixue Gong & Gregory Phelan

**Collateralized Borrowing and Increasing Risk**

*by*Gregory Phelan

**Optimal taxation and debt with uninsurable risks to human capital accumulation**

*by*Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima

**Constrained Inefficiency and Optimal Taxation with Uninsurable Risks**

*by*Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima

**Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Shocks**

*by*Sebastian Dyrda & Marcelo Pedroni

**Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Shocks**

*by*Sebastian Dyrda & Marcelo Pedroni

**On Positive Value of Information in Risk Sharing**

*by*Piotr Denderski & Christian Stoltenberg

**Existence of Financial Equilibrium with Differential Information: the no-arbitrage characterization**

*by*Lionel de BOISDEFFRE

**Learning from Arbitrage**

*by*Lionel de BOISDEFFRE

**Dropping Rational Expectations**

*by*Lionel de BOISDEFFRE

**Price Revelation and Existence of Financial Equilibrium with Incomplete Markets and Private Beliefs**

*by*Lionel de BOISDEFFRE

**Competitive Equilibrium with Asymmetric Information: an Existence Theorem for Numeraire Assets**

*by*Lionel de BOISDEFFRE

**Job Displacement Risk and Severance Pay**

*by*Marco Cozzi & Giulio Fella

**Robust Permanent Income in General Equilibrium**

*by*Luo, Yulei & Nie, Jun & Young, Eric

**Differential Delivery Dates, Retrievability and the Incentives Compatibility of Contracts**

*by*Raul V. Fabella

**Feast or Famine: The Welfare Impact of Food Price Controls in Nazi Germany**

*by*Robin Winkler

**Feast or Famine: The Welfare Impact of Food Price Controls in Nazi Germany**

*by*Robin Winkler

**Incomplete Markets and Aggregate Demand**

*by*Iván Werning

**The Dynamics of Financially Constrained Arbitrage**

*by*Denis Gromb & Dimitri Vayanos

**Dropping rational expectations**

*by*Lionel De Boisdeffre

**Price revelation and existence of financial equilibrium with incomplete markets and private beliefs**

*by*Lionel De Boisdeffre

**Human Capital Risk, Contract Enforcement, and the Macroeconomy**

*by*Krebs, Tom & Kuhn, Moritz & Wright, Mark L. J.

**Human Capital Risk, Contract Enforcement, and the Macroeconomy**

*by*Tom Krebs & Moritz Kuhn & Mark Wright

**Majority Voting: A Quantitative Investigation**

*by*Carroll, Daniel R. & Dolmas, James & Young, Eric R.

**Quanto Implied Correlation in a Multi-Lévy Framework**

*by*Laura Ballota & Griselda Deelstra & Grégory Rayée

**The Dynamics of Financially Constrained Arbitrage**

*by*Gromb, Denis & Vayanos, Dimitri

**Idiosyncratic Risk, Borrowing Constraints and Financial Integration - A Discussion of Ambiguous Results**

*by*Maik Heinemann & Alexander Wulff

**Social Health Insurance: A Quantitative Exploration**

*by*Juergen Jung & Chung Tran

**Asset Prices and Efficiency in a Krebs Economy**

*by*Alexis Akira Toda

**Kornai’s DRSE Theory Versus General Equilibrium Theory**

*by*József Móczár

**Welfare costs of reclassification risk in the health insurance market**

*by*Pashchenko, Svetlana & Porapakkarm, Ponpoje

**Asset pricing with arbitrage activity**

*by*Hugonnier, Julien & Prieto, Rodolfo

**Analytical pricing of vulnerable options under a generalized jump–diffusion model**

*by*Fard, Farzad Alavi

**Equilibrium option pricing: A Monte Carlo approach**

*by*Buchner, Axel

**Hydro resource management, risk aversion and equilibrium in an incomplete electricity market setting**

*by*Rodilla, Pablo & García-González, Javier & Baíllo, Álvaro & Cerisola, Santiago & Batlle, Carlos

**The existence and efficiency of general equilibrium with incomplete markets under Knightian uncertainty**

*by*Ma, Wei

**Approximate dynamic programming with post-decision states as a solution method for dynamic economic models**

*by*Hull, Isaiah

**Public versus private provision of liquidity: Is there a trade-off?**

*by*Röhrs, Sigrid & Winter, Christoph

**Capital Taxes, Labor Taxes and the Household**

*by*Rigas OIKONOMOU & Christian SIEGEL

**La génesis de la Economía de la Salud en Kenneth Arrow (1963)**

*by*Restrepo Zea, Jairo Humberto & Rojas López, Kristian Kamilo

**Predictibilidad de los retornos en el mercado de Colombia e hipo?tesis de mercado adaptativo**

*by*Katherine Julieth Sierra Sua?rez & Juan Benjami?n Duarte Duarte & Victor Alfonso Rueda Orti?z

**Predictibilidad de los retornos en el mercado de Colombia e hipo?tesis de mercado adaptativo**

*by*Katherine Julieth Sierra Sua?rez & Juan Benjami?n Duarte Duarte & Victor Alfonso Rueda Orti?z

**Happiness and the Persistence of Income Shocks**

*by*Christian Bayer & Falko Juessen

**Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation**

*by*Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima

**Asset pricing and consumption-portfolio choice with recursive utility and unspanned risk**

*by*Kraft, Holger & Seiferling, Thomas & Seifried, Frank Thomas

**Constrained Inefficiency and Optimal Taxation with Uninsurable Risks**

*by*Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima

**The Lindahl equilibrium in Schumpeterian growth models: Knowledge diffusion, social value of innovations and optimal R&D incentives**

*by*Gray, Elie & Grimaud, André

**General Equilibrium Analysis of Conditional Cash Transfers**

*by*Céspedes, Nikita

**Heterogeneity in Macroeconomics and the Minimal Econometric Interpretation for Model Comparison**

*by*Marco Cozzi

**Tax Evasion, Tax Policies and the Role Played by Financial Markets**

*by*Mitra, Shalini

**General Equilibrium with Endogenous Trading Constraints**

*by*Cea-Echenique, Sebastián & Torres-Martínez, Juan Pablo

**On the pseudo-equilibrium manifold in semi-algebraic economies with real financial assets**

*by*Arias-R., Omar Fdo.

**International Financial Integration and Crisis Contagion**

*by*Michael B. Devereux & Changhua Yu

**A Market Based Solution to Price Externalities: A Generalized Framework**

*by*Weerachart T. Kilenthong & Robert M. Townsend

**Asset Pricing with Countercyclical Household Consumption Risk**

*by*George M. Constantinides & Anisha Ghosh

**Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities**

*by*Weerachart Kilenthong & Robert Townsend

**Credit segmentation in general equilibrium**

*by*Sebastián Cea-Echenique & Juan Pablo Torres-Martínez

**Credit segmentation in general equilibrium**

*by*Sebastián Cea-Echenique & Juan Pablo Torres-Martínez

**Price revelation and existence of equilibrium in a private belief economy**

*by*Lionel de Boisdeffre

**Optimal Level of Government Debt: Matching Wealth Inequality and the Fiscal Sector**

*by*Vogel, Edgar

**Optimal taxation and debt with uninsurable risks to human capital accumulation**

*by*Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima

**Constrained Inefficiency and Optimal Taxation with Uninsurable Risks**

*by*Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima

**The Redistributional Consequences of Tax Reform Under Financial Integration**

*by*Ayse Kabukcuoglu

**The Lindahl equilibrium in Schumpeterian growth models: Knowledge diffusion, social value of innovations and optimal R&D incentives**

*by*Gray, Elie & Grimaud, André

**Disputes, Debt and Equity**

*by*Alfred Duncan & Charles Nolan

**Human Capital Risk, Contract Enforcement, and the Macroeconomy**

*by*Krebs, Tom & Kuhn, Moritz & Wright, Mark L. J.

**Bank Liquidity and Capital Regulation in General Equilibrium**

*by*Covas, Francisco & Driscoll, John C.

**International financial integration and crisis contagion**

*by*Devereux, Michael B. & Yu, Changhua

**The redistributional consequences of tax reform under financial integration**

*by*Kabukcuoglu, Ayse

**The Piketty Transition**

*by*Carroll, Daniel R. & Young, Eric R.

**Constrained inefficiency and optimal taxation with uninsurable risks**

*by*Gottardi, Piero & Kajii, Atsushi & Nakajima, Tomoyuki

**Optimal taxation and debt with uninsurable risks to human capital accumulation**

*by*Gottardi, Piero & Kajii, Atsushi & Nakajima, Tomoyuki

**Factors generating and transmitting the financial crisis: The role of incentives: securitization and contagion**

*by*Giampaolo Gabbi & Alesia Kalbaska & Alessandro Vercelli

**Capital Taxes, Labor Taxes and the Household**

*by*Rigas Oikonomou & Christian Siegel

**Optimal taxation and debt with uninsurable risks to human capital accumulation**

*by*Gottardi, Piero & Kajii, Atsushi & Nakajima, Tomoyuki

**Asset pricing with index investing**

*by*Georgy Chabakauri & Oleg Rytchkov

**A model of scholarly publishing with hybrid academic journals**

*by*Besancenot, Damien & Vranceanu, Radu

**International Financial Integration and Crisis Contagion**

*by*Devereux, Michael B & Yu, Changhua

**The Lindahl Equilibrium in Schumpeterian Growth Models: Knowledge Diffusion, Social Value of Innovations and Optimal R&D Incentives**

*by*Elie Gray & André Grimaud

**General Equilibrium Analysis of Conditional Cash Transfers**

*by*Nikita Céspedes

**Interpreting Life Cycle Inequality Patterns as an Efficient Allocation: Mission Impossible?**

*by*Alejandro Badel & Mark Huggett

**Size Effect Study In The Major Stock Market Of America, Estudio Del Efecto Tamano En Los Principales Mercados Bursatiles De Latinoamerica**

*by*Juan Benjamin Duarte Duarte & Zulay Yesenia Ramirez Leon & Katherine Julieth Sierra Suarez

**Evaluation Of Long-Term Memory In Colombian Stock Market By Hurst Coefficient, Evaluacion De La Memoria De Largo Plazo Del Mercado Bursatil Colombiano Mediante El Coeficiente De Hurst**

*by*Juan Benjamin Duarte Duarte & Katherine Julieth Sierra Suarez & Juan Manuel Mascarenas Perez-Inigo

**Aggregation of preferences for skewed asset returns**

*by*Chabi-Yo, Fousseni & Leisen, Dietmar P.J. & Renault, Eric

**Incomplete market dynamics and cross-sectional distributions**

*by*Toda, Alexis Akira

**Counterparty risk externality: Centralized versus over-the-counter markets**

*by*Acharya, Viral & Bisin, Alberto

**International capital flows, returns and world financial integration**

*by*Evans, Martin D.D. & Hnatkovska, Viktoria V.

**Optimal multi-period consumption and investment with short-sale constraints**

*by*Arısoy, Yakup Eser & Altay-Salih, Aslıhan & Pınar, Mustafa Ç

**The complexion of dynamic duopoly game with horizontal differentiated products**

*by*Yu, Weisheng & Yu, Yu

**Collateral amplification under complete markets**

*by*Nikolov, Kalin

**The role of asset testing in public health insurance reform**

*by*Janicki, Hubert P.

**Equilibrium Heterogeneous-Agent models as measurement tools: Some Monte Carlo evidence**

*by*Cozzi, Marco

**¿Han sido los mercados bursátiles eficientes informacionalmente?**

*by*Juan Benjamín Duarte Duarte & Juan Manuel Mascareñas Pérez-Iñigo

**Endogenous Collateral Constraints and the Leverage Cycle**

*by*Ana Fostel & John Geanakoplos

**Urbanization in China and how urban housing demand can be met**

*by*Gottschalch, Sören

**Aggregation in Incomplete Market with General Utility Functions**

*by*Chenghu Ma & Jiankang Zhang

**Reconciling Consumption Inequality with Income Inequality**

*by*Vadym Lepetyuk & Christian A. Stoltenberg

**The structure of competitive equilibrium with unsecured debt**

*by*Gaetano Bloise

**Consumer Default with Complete Markets: Default-based Pricing and Finite Punishment**

*by*Xavier Mateos-Planas & Giulio Seccia

**Equilibrium Heterogeneous-Agent Models as Measurement Tools: some Monte Carlo Evidence**

*by*Marco Cozzi

**Cross-subsidization in employer-based health insurance and the effects of tax subsidy reform**

*by*Pashchenko, Svetlana & Porapakkarm, Ponpoje

**Optimal Unemployment Insurance with Private Insurance**

*by*Oikonomou, Rigas

**Work Incentives of Medicaid Beneficiaries and The Role of Asset Testing**

*by*Pashchenko, Svetlana & Porapakkarm, Ponpoje

**Cross-subsidization in employer-based health insurance and the effects of tax subsidy reform**

*by*Pashchenko, Svetlana & Porapakkarm, Ponpoje

**Liquidity Contractions, Incomplete Financial Participation and the Prevalence of Negative Equity Non-recourse Loans**

*by*Iraola, Miguel & Torres-Martínez, Juan Pablo

**Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets**

*by*Enrique G. Mendoza & Katherine A. Smith

**Collateral monetary equilibrium with liquidity constraints in an infinite horizon economy**

*by*Ngoc-Sang Pham

**Collateral monetary equilibrium with liquidity constraints in an infinite horizon economy**

*by*Ngoc-Sang Pham

**Equilibria in a multi-period economy**

*by*Bernard Cornet & Abhishek Ranjan

**Existence of equilibria via quasi-equilibria**

*by*Bernard Cornet & Abhishek Ranjan

**Liquidity Contractions, Incomplete Financial Participation and the Prevalence of Negative Equity Non-Recourse Loans**

*by*Miguel A. Iraola & Juan Pablo Torres-Martinez

**Booms and Busts with dispersed information**

*by*Kenza Benhima

**Education, Birth Order, and Family Size**

*by*Bagger, Jesper & Birchenall, Javier A. & Mansour, Hani & Urzua, Sergio

**Approximate dynamic programming with postdecision states as a solution method for dynamic economic models**

*by*Hull, Isaiah

**Financial Innovation, Collateral and Investment**

*by*Ana Fostel & John Geanakoplos

**Leverage and Default in Binomial Economies: A Complete Characterization**

*by*Ana Fostel & John Geanakoplos

**Occupation-level income shocks and asset returns: their covariance and implications for portfolio choice**

*by*Davis, Steven J. & Willen, Paul S.

**Walrasian foundations for equilibria in segmented markets**

*by*Rohit Rahi & Jean-Pierre Zigrand

**Market quality and contagion in fragmented markets**

*by*Rohit Rahi & Jean-Pierre Zigrand

**Financial Innovation, Collateral and Investment**

*by*Ana Fostel & John Geanakoplos

**Financial Innovation, Collateral and Investment**

*by*Ana Fostel & John Geanakoplos

**Existence and multiplicity of temporary equilibria under nominal price rigidities**

*by*DREZE, Jacques

**When Borch’s Theorem does not apply: some key implications of market incompleteness, with policy relevance today**

*by*DREZE, Jacques

**Prolonged reserves accumulation, credit booms, asset prices and monetary policy in Asia**

*by*Filardo, Andrew J. & Siklos, Pierre L.

**Intersectoral Linkages, Diverse Information, and Aggregate Dynamics**

*by*Manoj Atolia & Ryan Chahrour

**Existence of Financial Equilibria in Continuous Time with Potentially Complete Markets**

*by*Frank Riedel & Frederik Herzberg

**Global Invertibility of Excess Demand Functions**

*by*Enrique Covarrubias

**Ergodic Markov equilibrium with incomplete markets and short sales**

*by*Braido, Luis H. B.

**Quantitative Analysis of Health Insurance Reform: Separating Regulation from Redistribution**

*by*Svetlana Pashchenko & Ponpoje Porapakkarm

**Fragility of Competitive Equilibrium with Risk of Default**

*by*Gaetano Bloise & Pietro Reichlin & Mario Tirelli

**Health Insurance and Precautionary Saving: A Structural Analysis**

*by*Minchung Hsu

**Rare event risk and emerging market debt with heterogeneous beliefs**

*by*Dieckmann, Stephan & Gallmeyer, Michael

**Pricing participating products with Markov-modulated jump–diffusion process: An efficient numerical PIDE approach**

*by*Fard, Farzad Alavi & Siu, Tak Kuen

**Optimal food price stabilisation policy**

*by*Gouel, Christophe

**Consumption taxes and precautionary savings**

*by*Anagnostopoulos, Alexis & Li, Qian

**Savings for retirement under liquidity constraints: A note**

*by*Corsini, Lorenzo & Spataro, Luca

**Social security reform with impure intergenerational altruism**

*by*Yang, Fang

**The Optimal Price of Default**

*by*Wei Ma & Chuangyin Dang

**Evaluación del efecto tamaño de empresa en los mercados bursátiles de América Latina**

*by*Juan Benjamín Duarte Duarte & Zulay Yesenia Ramírez León & Katherine Julieth Sierra Suárez

**Risk Aversion Heterogeneity, Risky Jobs and Wealth Inequality**

*by*Marco Cozzi

**Fiancial Innovation, Structuring and Risk Transfer**

*by*Vanini, Paolo

**Quantitative analysis of health insurance reform: separating regulation from redistribution**

*by*Pashchenko, Svetlana & Porapakkarm, Ponpoje

**Savings for retirement under liquidity constraints: a note**

*by*Corsini, Lorenzo & Spataro, Luca

**Real wages and monetary policy: A DSGE approach**

*by*Perry, Bryan & Phillips, Kerk L. & Spencer, David E.

**Incomplete financial participation: exclusive markets, investment clubs and credit risk**

*by*Pérez Fernández, Víctor & Torres-Martínez, Juan Pablo

**Optimal Taxation in a Limited Commitment Economy**

*by*Yena Park

**Learning by Trading in Infinite Horizon Strategic Market Games with Default**

*by*Sonja Brangewitz & Gaël Giraud

**Learning by Trading in Infinite Horizon Strategic Market Games with Default**

*by*Sonja Brangewitz & Gaël Giraud

**On the existence of financial equilibrium when beliefs are private**

*by*Lionel de Boisdeffre

**Arbitrage and price revelation with private beliefs**

*by*Lionel de Boisdeffre

**Trading and rational security pricing bubbles**

*by*Jean-Marc Bottazzi & Jaime Luque & Mário R. Páscoa

**The dollar squeeze of the financial crisis**

*by*Jean-Marc Bottazzi & Jaime Luque & Mário R. Páscoa & Suresh Sundaresan

**Macroeconomic Evaluation of Labor Market Reform in Germany**

*by*Krebs, Tom & Scheffel, Martin

**The role of the interchange fee in card payment systems**

*by*Éva Keszy-Harmath & Gergely Kóczán & Surd Kováts & Boris Martinovic & Kristóf Takács

**Reconciling consumption inequality with income inequality**

*by*Christian A. Stoltenberg & Vadym Lepetyuk

**The Inefficiency of Price Taking Behavior in Multiperiod Production Economies with Incomplete Markets**

*by*Dierker, Egbert

**Risk-Sharing and Retrading in Incomplete Markets**

*by*Piero Gottardi & Rohit Rahi

**Leverage and Default in Binomial Economies: A Complete Characterization**

*by*Ana Fostel & John Geanakoplos

**Leverage and Default in Binomial Economies: A Complete Characterization**

*by*Ana Fostel & John Geanakoplos

**Leverage and Default in Binomial Economies: A Complete Characterization**

*by*Ana Fostel & John Geanakoplos

**Endogenous Leverage in a Binomial Economy: The Irrelevance of Actual Default**

*by*Ana Fostel & John Geanakoplos

**Endogenous bourse structures**

*by*Luque, Jaime & Faias, Marta

**Incomplete-markets economies: the seminal work of Diamond, Drèze and Radner**

*by*DEHEZ, Pierre

**Optimal Food Price Stabilization in a Small Open Developing Country**

*by*Christophe Gouel & Sébastien Jean

**Liquidity Contractions and Prepayment Risk on Collateralized Asset Markets**

*by*Miguel Angel Iraola & Juan Pablo Torres-Martinez

**A Market for Connections**

*by*Topi Miettinen & Panu Poutvaara

**Search and Matching in the Labor Market without Unemployment Insurance**

*by*Francesc Obiols-Homs

**A contribution in stochastic control applied to finance and insurance**

*by*Moreau, Ludovic

**Background Risk and University Endowment Funds**

*by*Stephen G. Dimmock

**Rational asset pricing bubbles and portfolio constraints**

*by*Hugonnier, Julien

**On the stability of nonsunspot equilibria**

*by*Balasko, Yves

**Why does bad news increase volatility and decrease leverage?**

*by*Fostel, Ana & Geanakoplos, John

**Securities market theory: Possession, repo and rehypothecation**

*by*Bottazzi, Jean-Marc & Luque, Jaime & Páscoa, Mário R.

**Regulating collateral-requirements when markets are incomplete**

*by*Araújo, Aloísio & Kubler, Felix & Schommer, Susan

**Endogenous market incompleteness without market frictions: Dynamic suboptimality of competitive equilibrium in multiperiod overlapping generations economies**

*by*Henriksen, Espen & Spear, Stephen

**Introduction to general equilibrium**

*by*Balasko, Yves & Geanakoplos, John

**Are under- and over-reaction the same matter? Experimental evidence**

*by*Lin, Shengle & Rassenti, Stephen

**Harsh default penalties lead to Ponzi schemes: A counterexample**

*by*Martins-da-Rocha, V. Filipe & Vailakis, Yiannis

**Optimal unemployment insurance in GE: A robust calibration approach**

*by*Cozzi, Marco

**Computational accuracy and distributional analysis in models with incomplete markets and aggregate uncertainty**

*by*Horvath, Michal

**Lifetime investment and consumption using a defined-contribution pension scheme**

*by*Emms, Paul

**The individual life-cycle, annuity market imperfections and economic growth**

*by*Heijdra, Ben J. & Mierau, Jochen O.

**A method for solving general equilibrium models with incomplete markets and many financial assets**

*by*Evans, Martin D.D. & Hnatkovska, Viktoria

**En equilibrio no hay crisis: crítica a los supuestos neoclásicos**

*by*Jorge Enrique Garcés Cano

**Wealth inequality and the optimal level of government debt**

*by*Sigrid Röhrs & Christoph Winter

**The natural projection approach to production and uncertainty**

*by*Stiefenhofer, Pascal

**Equilibrium Structure of Production Economies with Uncertainty: The Natural Projection Approach**

*by*Pascal Stiefenhofer

**Ownership structure and control in incomplete market economies with transferable utility**

*by*Egbert Dierker & Hildegard Dierker

**Learning, information and heterogeneity**

*by*Liam Graham

**Solving Models with Incomplete Markets and Aggregate Uncertainty Using the Krusell-Smith Algorithm: A Note on the Number and the Placement of Grid Points**

*by*Michal Horvath

**Optimal Unemployment Insurance in GE: a RobustCalibration Approach**

*by*Marco Cozzi

**Precautionary Savings and Wealth Inequality: a Global Sensitivity Analysis**

*by*Marco Cozzi

**Microfinance and Missing Markets**

*by*Emran, M. Shahe & Morshed, A.K.M Mahbub & Stiglitz, Joseph E.

**Indifference pricing with uncertainty averse preferences**

*by*Giammarino, Flavia & Barrieu, Pauline

**Welfare costs of reclassification risk in the health insurance market**

*by*Pashchenko, Svetlana & Porapakkarm, Ponpoje

**Growth and financial reforms trajectory: an optimal matching sequence analysis approach**

*by*Bicaba, Zorobabel

**Credit Risk in General Equilibrium**

*by*Jürgen Eichberger & Klaus Rheinberger & Martin Summer

**Human Capital Risk, Contract Enforcement, and the Macroeconomy**

*by*Tom Krebs & Moritz Kuhn & Mark L. J. Wright

**Decentralization, Communication, and the Origins of Fluctuations**

*by*George-Marios Angeletos & Jennifer La'O

**Counterparty Risk Externality: Centralized Versus Over-the-counter Markets**

*by*Viral V. Acharya & Alberto Bisin

**Price uncertainty and the existence of financial equilibrium**

*by*Lionel de Boisdeffre

**Decomposing Changes in Income Risk Using Consumption Data**

*by*Blundell, Richard & Low, Hamish & Preston, Ian

**Decomposing Changes in Income Risk Using Consumption Data**

*by*Blundell, Richard & Low, Hamish & Preston, Ian

**The Tragedy of Annuitization**

*by*Heijdra, Ben J. & Mierau, Jochen O. & Reijnders, Laurie S.M.

**Equilibrium Pricing in Incomplete Markets under Translation Invariant Preferences**

*by*Patrick Cheridito & Ulrich Horst & Michael Kupper & Traian A. Pirvu

**Continuous Equilibrium under Base Preferences and Attainable Initial Endowments**

*by*Ulrich Horst & Michael Kupper & Andrea Macrina & Christoph Mainberger

**Forward-backward systems for expected utility maximization**

*by*Ulrich Horst & Ying Hu & Peter Imkeller & Anthony Reveillac

**Welfare costs of reclassification risk in the health insurance market**

*by*Pashchenko, Svetlana & Porapakkarm, Ponpoje

**Polarization, Risk and Welfare in General Equilibrium**

*by*Modalsli, Jørgen Heibø

**Pooling, Pricing and Trading of Risks**

*by*Flåm, Sjur Didrik

**Core Concepts for Incomplete Market Economies**

*by*Helga Habis & P. Jean-Jacques Herings

**Computing Equilibrium Wealth Distributions in Models with Heterogeneous-Agents, Incomplete Markets and Idiosyncratic Risk**

*by*Muffasir Badshah & Paul Beaumont & Anuj Srivastava

**Optimal taxation and constrained inefficiency in an infinite-horizon economy with incomplete markets**

*by*Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima

**Monitoring Leverage**

*by*John Geanakoplos & Lasse H. Pedersen

**Greek Debt and American Debt: Graduation Speech at the University of Athens Economics and Business School**

*by*John Geanakoplos

**Tranching, CDS and Asset Prices: How Financial Innovation Can Cause Bubbles and Crashes**

*by*Ana Fostel & John Geanakoplos

**Tranching, CDS and Asset Prices: How Financial Innovation Can Cause Bubbles and Crashes**

*by*Ana Fostel & John Geanakoplos

**Endogenous Leverage: VaR and Beyond**

*by*Ana Fostel & John Geanakoplos

**The dollar squeeze of the financial crisis**

*by*Sundaresan, Suresh & Pascoa, Mario R. & Luque, Jaime & Bottazzi, Jean-Marc

**Trading and rational security pricing bubbles**

*by*Páscoa, Mário R. & Luque, Jaime & Bottazzi, Jean-Marc

**The wrong shape of insurance? What cross-sectional distributions tell us about models of consumption-smoothing**

*by*Broer, Tobias

**Optimal Taxation and Constrained Inefficiency in an Infinite-Horizon Economy with Incomplete Markets**

*by*Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima

**Welfare and excess volatility of exchange rates**

*by*M. Salto & T. Pietra

**Owner-occupied housing as an investment, regional house price cycles and residential sorting**

*by*Haavio, Jaakko & Kauppi, Heikki

**Learning in Infinite Horizon Strategic Market Games with Collateral and Incomplete Information**

*by*Sonja Brangewitz & Gael Giraud

**Contrôle stochastique appliqué à la finance**

*by*Vu, Thanh Nam

**On borrowing limits and welfare**

*by*Francesc Obiols-Homs

**On the Properties of General Equilibrium with Default in Economies with Incomplete Markets**

*by*Eduardo A. Rodríguez

**Pareto improvement and agenda control of sequential financial innovations**

*by*Hara, Chiaki

**Reduced equivalent form of a financial structure**

*by*Aouani, Zaier & Cornet, Bernard

**Markets and contracts**

*by*Bisin, A. & Geanakoplos, J.D. & Gottardi, P. & Minelli, E. & Polemarchakis, H.

**Long-lived collateralized assets and bubbles**

*by*Araujo, Aloisio & Páscoa, Mário R. & Torres-Martínez, Juan Pablo

**Endogenous market power**

*by*Weretka, Marek

**Structural analysis in times of crisis**

*by*.

**Analyses structurelles en temps de crise Colloque Banque de France, 29 et 30 novembre 2010**

*by*.

**Expectations, Inter-Sectorial Relationships and the Business Cycle**

*by*Francisco Sáez & Fernando Alvarez & Jesús Morales & Giovanni Guedez

**The future of financial risk management**

*by*Tapiero, Charles

**Demographic and structural effects on labor demand in incomplete markets: Testing “Separability Hypothesis” in Turkish agricultural labor market**

*by*Perihan Özge SAYGIN & Selim ÇAĞATAY

**Endogenous Financing of Production in General Equilibrium with Incomplete Markets**

*by*Pascal Christian Stiefenhofer

**A Theorem on the Decentralization of the Objective Function of the Firm in GEI**

*by*P Stiefenhofer

**On equilibrium existence with endogenous restricted financial participation**

*by*Abdelkrim Seghir & Juan Pablo Torres-Martínez

**Long-lived collateralized assets and bubbles**

*by*Aloisio Araujo & Mário R. Pascoa & Juan Pablo Torres-Martínez

**Equilibrium with limited-recourse collateralized loans**

*by*Rubén Poblete-Cazenave & Juan Pablo Torres-Martínez

**Endogenous differential information in financial markets**

*by*Sebastian cea-Echenique & Juan Pablo Torres-Martínez

**Solving the incomplete markets model with aggregate uncertainty using parameterized cross-sectional distributions**

*by*Yann Algan & Olivier Allais & Wouter J Den Haan

**Solving and Simulating Models with Heterogeneous Agents and Aggregate Uncertainty**

*by*Yann Algan & Olivier Allais & Wouter J Den Haan & null null

**Upper and lower bounds on dynamic risk indifference prices in incomplete markets**

*by*Xavier De Scheemaekere

**A Simple Critical Introduction to Temporary General Equilibrium Theory**

*by*Fabio Ravagnani

**Accounting for the Racial Property Crime Gap in the US: A Quantitative Equilibrium Analysis**

*by*Marco Cozzi

**Health insurance reform and bankruptcy**

*by*Kuklik, Michal

**In nitely-lived agents via two-sided altruism**

*by*Seghir, Abdelkrim & Salem, Sherif

**Quantitative Analysis of Health Insurance Reform: Separating Community Rating from Income Redistribution**

*by*Pashchenko, Svetlana & Porapakkarm, Ponpoje

**Patterns of technological progress and corporate innovation**

*by*Waśniewski, Krzysztof

**Structure, conduct and performance of grain trading in Tigray and its impact on demand for commodity exchange: The case Maychew, Mokone, Alemata, Mekelle and Himora**

*by*Mezgebo, Taddese & Dereje, Fikadu

**Social Capital in the Presence of Market Failures**

*by*Lopez-Rodriguez, Patricia & De la Torre Garcia, Rodolfo

**Dividend and Capital Gains Taxation under Incomplete Markets**

*by*Alexis Anagnostopoulos & Eva Carceles-Poveda

**Proper Welfare Weights for Social Optimization Problems**

*by*Alexis Anagnostopoulos & Eva Carceles-Poveda & Yair Tauman

**Competitive Equilibria with Production and Limited Commitment**

*by*Arpad Abraham & Eva Carceles-Poveda

**Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach**

*by*Fatih Guvenen & Anthony Smith

**Do Social Connections Reduce Moral Hazard? Evidence from the New York City Taxi Industry**

*by*C. Kirabo Jackson & Henry S. Schneider

**Re-hypothecation of securities**

*by*Jean-Marc Bottazzi & Jaime Luque & Mário Páscoa

**A price uncertainty principle and the existence of sequential equilibrium: (I) a numerical example**

*by*Lionel de Boisdeffre

**Hicks on Walrasian equilibrium in the 1930s and beyond**

*by*Franco DONZELLI

**Pareto Improvement and Agenda Control of Sequential Financial Innovations**

*by*Chiaki Hara

**Optimal taxation and constrained inefficiency in an infinite-horizon economy with incomplete markets**

*by*Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima

**On Securitization, Market Completion and Equilibrium Risk Transfer**

*by*Ulrich Horst & Traian A. Pirvu & GonÃ§alo Dos Reis

**On a Unique Nondegenerate Distribution of Agents in the Huggett Model**

*by*Kam, Timothy

**Increasing National Pension Premium Defaulters and Dropouts in Japan**

*by*Suzuki, Wataru & Zhou, Yanfei

**Equilibrium asset prices and the wealth distribution with inattentive consumers**

*by*Finocchiaro, Daria

**Why does Bad News Increase Volatility and Decrease Leverage?**

*by*Ana Fostel & John Geanakoplos

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

*by*Michele Gori & Marina Pireddu & Antonio Villanacci

**Value of Information in Competitive Economies with Incomplete Markets**

*by*Piero Gottardi & Rohit Rahi

**Markets and contracts**

*by*Alberto Bisin & John Geanakoplos & Piero Gottardi & Enrico Minelli & Herakles Polemarchakis

**Asset pricing with heterogeneous investors and portfolio constraints**

*by*Georgy Chabakauri

**Option hedging for small investors under liquidity costs**

*by*H. Mete Soner & Umut Cetin & Nizar Touzi

**On a Unique Nondegenerate Distribution of Agents in the Huggett Model**

*by*Timothy Kam & Junsang Lee

**How well-behaved are higher-order perturbation solutions?**

*by*Wouter J. den Haan & Joris de Wind

**Why Does Bad News Increase Volatility and Decrease Leverage?**

*by*Ana Fostel & John Geanakoplos

**Why Does Bad News Increase Volatility and Decrease Leverage?**

*by*Ana Fostel & John Geanakoplos

**Why Does Bad News Increase Volatility and Decrease Leverage?**

*by*Ana Fostel & John Geanakoplos

**Moral Hazard and Efficiency in General Equilibrium with Anonymous Trading**

*by*Acemoglu, Daron & Simsek, Alp

**Public versus Private Risk Sharing**

*by*Krueger, Dirk & Perri, Fabrizio

**Generalized Nash Equilibrium and market coupling in the European power system**

*by*SMEERS, Yves & OGGIONI, Giorgia & ALLEVI, Elisabetta & SCHAIBLE, Siegfried

**The Tragedy of Annuitization**

*by*Ben J. Heijdra & Jochen O. Mierau & Laurie S. M. Reijnders

**Generalized Nash Equilibrium and Market Coupling in the European Power System**

*by*Smeers, Y. & Oggioni, G. & Allevi, E. & Schaible, S.

**On Endogenous Compactness of the Individual State Space in the Huggett Model**

*by*Timothy Kam

**Spot price and future price for Brent and WTI markers: Behavior and determinants (1998-2008)**

*by*Giuseppe Pulitano & Emmanuel Borgucci

**Owning Capital or Being Shareholders: An Equivalence Result with Incomplete Markets**

*by*Eva Carceles-Poveda & Daniele Coen Pirani

**Heterogeneity, Selection, and Wealth Dynamics**

*by*Lawrence Blume & David Easley

**general equilibrium with incomplete markets**

*by*Michael Magill & Martine Quinzii

**Price Level Volatility: A Simple Model of Money Taxes and Sunspots**

*by*Bhattacharya, Joydeep & Guzman, Mark G. & Shell, Karl

**Information, heterogeneity and market incompleteness**

*by*Graham, Liam & Wright, Stephen

**Production in General Equilibrium with Incomplete Markets**

*by*Pascal Stiefenhofer

**Positional Goods: A Diagrammatic Exposition**

*by*Massimiliano Vatiero

**Marrying in the Cathedral: a Framework for the Analysis of Corporate Governance**

*by*Ugo Pagano

**House Price Fluctuations and Residential Sorting**

*by*Markus Haavio & Heikki Kauppi

**Existence of financial equilibria with restricted participation**

*by*Zaier Aouani & Bernard Cornet

**Production in incomplete markets: Expectations matter for political stability**

*by*Hervé Crès & Mich Tvede

**Indeterminacy of competitive equilibrium with risk of default**

*by*Gaetano Bloise & Pietro Reichlin & Mario Tirelli

**Monetary Policy and the Financing of Firms**

*by*Fiorella de Fiore & Pedro Teles & Oreste Tristani

**Second-degree price discrimination and universal access under (weighted average) price cap regulation**

*by*Li Ning, Jorge

**Borrowing Constraint as an Optimal Contract**

*by*Grochulski, Borys & Zhang, Yuzhe

**A Small Open Economy with Heterogenous Agents Facing Interest Rate Ceilings on Loans**

*by*Arend, Mario

**Framework for Analisis and Improvement of Agrarian Dynamics**

*by*Bachev, Hrabrin

**Risk, Leverage, and Regulation of Financial Intermediaries**

*by*Tianxi, Wang

**The impossibility of effective enforcement mechanisms in collateralized credit markets**

*by*Ferreira, Thiago Revil T. & Torres-Martínez, Juan Pablo

**Financial Structure and Social Coalitional Equilibrium**

*by*Ken Urai & Akihiko Yoshimachi & Kousuke Yokota

**Public versus Private Risk Sharing**

*by*Dirk Krueger & Fabrizio Perri

**Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations**

*by*Per Krusell & Toshihiko Mukoyama & Aysegul Sahin

**A price uncertainty principle and the existence of sequential equilibrium**

*by*Lionel de Boisdeffre

**Elimination of arbitrage states in asymmetric information models**

*by*Bernard Cornet & Lionel De Boisdeffre

**Arbitrage and equilibrium with portofolio constraints**

*by*Bernard Cornet & Ramu Gopalan

**Existence of financial equilibria with restricted participation**

*by*Zaier Aouani & Bernard Cornet

**Effectively Complete Asset Markets with Multiple Goods and over Multiple Periods**

*by*Chiaki Hara

**Incomplete Financial Markets and Jumps in Asset Prices**

*by*Hervé Crès & Tobias Markeprand & Mich Tvede

**Production in Incomplete Markets: Expectations Matter for Political Stability**

*by*Hervé Crès & Mich Tvede

**Information, heterogeneity and market incompleteness**

*by*Liam Graham & Stephen Wright

**Elimination of Arbitrage States in Asymmetric Information Models**

*by*Bernard Cornet & Lionel D Boisdeffre

**Arbitrage and Equilibrium with Portfolio Constraints**

*by*Bernard Cornet & Ramu Gopalan

**Existence of financial equilibria with restricted participation**

*by*Bernard Cornet & Zaier Aouani

**Factors affecting the schooling performance of secondary school pupils - the cost of high unemployment and imperfect financial markets**

*by*Claudia Trentini & Lídia Farré

**Regulating a Monopoly with Universal Service Obligation: The Role of Flexible Tariff Schemes**

*by*Manuel Willington & Jorge Lining

**Are there Financial Constraints for Firms Investing in Skilled Employees?**

*by*Martinsson, Gustav

**The Saving Glut Explanation of Global Imbalances: the Role of Underinvestment**

*by*Flavia Corneli

**Stationary equilibrium distributions in economies with limited commitment**

*by*Tobias Broer

**Notes on the Constrained Suboptimality Result by J. D. Geanakoplos and H. M. Polemarchakis (1986)**

*by*Antonio Jiménez-Martínez

**Endogenous liquidity and contagion**

*by*Rohit Rahi & Jean-Pierre Zigrand

**Gas Storage Valuation Under Limited Market Liquidity: An Application In Germany**

*by*Bastian Felix & Oliver Woll & Christoph Weber

**Indeterminacy of Competitive Equilibrium with Risk of Default**

*by*Bloise, Gaetano & Reichlin, Pietro & Tirelli, Mario

**Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations**

*by*Krusell, Per & Mukoyama, Toshihiko & Sahin, Aysegul

**Incomplete-Market Equilibria Solved Recursively on an Event Tree**

*by*Dumas, Bernard J & Lyasoff, Andrew

**Stock prices, anticipations and investment in general equilibrium**

*by*DREZE, Jacques H. & LACHIRI, Oussama & MINELLI, Enrico

**Economic Growth and Longevity Risk with Adverse Selection**

*by*Ben J. Heijdra & Laurie S. M. Reijnders

**Annuity Market Imperfection, Retirement and Economic Growth**

*by*Ben J. Heijdra & Jochen O. Mierau

**House price fluctuations and residential sorting**

*by*Haavio, Markus & Kauppi, Heikki

**On borrowing limits and welfare**

*by*Francesc Obiols-Homs

**Estimating DSGE-Model-Consistent Trends for Use in Forecasting**

*by*Jean-Philippe Cayen & Marc-André Gosselin & Sharon Kozicki

**On borrowing limits and welfare**

*by*Francesc Obiols-Homs

**Asset Prices and Business Cycles under Market Incompleteness**

*by*Eva Carceles-Poveda

**Satiation and Equilibrium in Unbounded Exchange Economies**

*by*Guangsug Hahn & Dong Chul Won

**Welchen Zusammenhang zwischen Preis und Qualität sollte der Wettbewerb auf Konsumgütermärkten herstellen? Empirische Befunde, normative Überlegungen, marktpolitische Schlussfolgerungen**

*by*Heiner Imkamp

**Making promises in infinite-horizon economies with default and collateral**

*by*Orrillo, Jaime

**Endogenous Default Penalties in Nominal Incomplete Markets**

*by*Nuno Gouveia & Abdelkrim Seghir

**Quantitative Macroeconomics with Heterogeneous Households**

*by*Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante

**Aggregate and Idiosyncratic Risk in a Frictional Labor Market**

*by*Leena Rudanko

**Family Labor Supply and Aggregate Saving**

*by*Santos Monteiro, Paulo

**Social Preferences and Public Economics: Mechanism Design when Social Preferences Depend on Incentives**

*by*Samuel Bowles & Sung-Ha Hwang

**Long-lived Collateralized Assets and Bubbles**

*by*Aloisio Araujo & Mário Páscoa & Juan Pablo Torres-Martínez

**Fiat money and the value of binding portfolio constraints**

*by*Mário Páscoa & Myrian Petrassi & Juan Pablo Torres-Martínez

**With Additional Enforcement Mechanisms, does Collateral Avoid Ponzi Schemes?**

*by*Thiago Revil & Juan Pablo Torres-Martínez

**Beggar-thy-parents? A Lifecycle Model of Intergenerational Altruism**

*by*Sang-Wook Stanley Cho

**Solving heterogeneous-agent models with parameterized cross-sectional distributions**

*by*Yann Algan & Olivier Allais & Wouter J Den Haan

**A social welfare function characterizing competitive equilibria of incomplete financial markets**

*by*Mario Tirelli & Sergio Turner

**Asset prices, debt constraints and inefficiency**

*by*Gaetano Bloise & Pietro Reichlin

**Constrained inefficiency in GEI: a geometric argument**

*by*Mario Tirelli

**Statistical Arbitrage with Default and Collateral**

*by*José Fajardo & Ana Lacerda

**Recursive equilibria in an Aiyagari style economy with permanent income shocks**

*by*Kuhn, Moritz

**Health Insurance, the Social Welfare System and Household Saving**

*by*Hsu, Minchung

**Welfare dynamics based on a new concept of inefficient equilibrium**

*by*Zaman, Md Monowaruz

**The "De Medici New Generation": The Italian Foundations' Collections and Philanthropy in the Third Millennium**

*by*Besana, Angela

**Production and financial decisions under uncertainty**

*by*Bejan, Camelia

**Incomplete-Market Equilibria Solved Recursively on an Event Tree**

*by*Bernard Dumas & Andrew Lyasoff

**Sudden Stops, Financial Crises and Leverage: A Fisherian Deflation of Tobin's Q**

*by*Enrique G. Mendoza

**The perfect foresight assumption revisited : the existence of sequential equilibrium with price uncertainty**

*by*Lionel De Boisdeffre

**The perfect foresights' assumption revisited : the existence of equilibrium with multiple price expectations**

*by*Lionel De Boisdeffre

**General equilibrium**

*by*Monique Florenzano

**Sunspot Equilibria in a Production Economy: Do Rational Animal Spirits Cause Overproduction?**

*by*Atsushi Kajii

**Decomposing changes in income risk using consumption data**

*by*Richard Blundell & Hamish Low & Ian Preston

**The Impact of Firm Collateral on Knowledge Intensive Consulting Firms**

*by*Martinsson, Gustav

**Firm Collateral and the Cyclicality of Knowledge Intensity**

*by*Martinsson, Gustav

**From Revolution to Evolution: Charting the Main Features of Microfinance 2.0**

*by*Ronald Mendoza & Brandon Vick

**Arbitrage networks**

*by*Rohit Rahi & Jean-Pierre Zigrand

**Emerging Markets in an Anxious Global Economy**

*by*Ana Fostel & John Geanakoplos

**Solving the Incomplete Markets Model with Aggregate Uncertainty using Explicit Aggregation**

*by*Den Haan, Wouter & Rendahl, Pontus

**Asset Prices, Debt Constraints and Inefficiency**

*by*Bloise, Gaetano & Reichlin, Pietro

**Moral Hazard, Collateral and Liquidity**

*by*Acharya, Viral V & Viswanathan, S. Vish

**Bubbles and multiplicity of equilibria under portfolio constraints**

*by*Julien Hugonnier

**Evaluating Asset Pricing Models with Limited Commitment Using Household Consumption Data**

*by*Dirk Krueger & Hanno Lustig & Fabrizio Perri

**Aggregate Savings When Individual Income Varies**

*by*Martin Floden

**Social Security with Uninsurable Income Risk and Endogenous Borrowing Constraints**

*by*Juan A. Rojas & Carlos Urrutia

**Non-Market Coordination: Towards an Ecological Response to Austrian Economics**

*by*Dan Greenwood

**Monetarna i strukturna komponenta hrvatske inflacije**

*by*Mladen Vedriš & Ruzica Šimic

**Ramsey Waits: A Computational Study on General Equilibrium Pricing of Derivative Securities**

*by*Jacco Thijssen

**Market Selection and Payout Policy Under Majority Rule**

*by*Beker, Pablo F

**Retained Earnings Dynamic, Internal Promotions and Walrasian Equilibrium**

*by*Beker, Pablo F

**Value of Information in Competitive Economies with Incomplete Markets**

*by*Piero Gottardi & Rohit Rahi

**Social Preferences and Public Economics: Are good laws a substitute for good citizens?**

*by*Samuel Bowles

**Power**

*by*Samuel Bowles & Herbert Gintis

**Solving Heterogeneous-agent Models with Parameterized Cross-sectional Distributions**

*by*Yann Algan & Olivier Allais & Wouter J Den Haan

**Incomplete Markets, Labor Supply and Capital Accumulation**

*by*Albert Marcet & Francesc Obiols-Homs & Philippe Weil

**Information, heterogeneity and market incompleteness in the stochastic growth model**

*by*Liam Graham & Stephen Wright

**Information, heterogeneity and market incompleteness in the stochastic growth model**

*by*Liam Graham & Stephen Wright

**Monitoring Bands and Monitoring Rules: how currency intervention can change market composition**

*by*Luisa Corrado & Marcus Miller & Lei Zhang

**A Note On The Characterization Of Inefficiency In Stochastic Overlapping Generations Economies**

*by*Gaetano Bloise & Filippo L. Calciano

**Su Mandler e la Indeterminatezza Sraffiana**

*by*Enrico Sergio Levrero & Saverio M. Fratini

**Efficiency and prices in economies of overlapping generations**

*by*Gaetano Bloise

**With additional enforcement mechanisms,does Collateral avoid Ponzi Schemes ?**

*by*Thiago Revil & Juan Pablo Torres-Martinez

**Long-lived collateralized assets and bubbles**

*by*Aloisio Araujo & Mario Rui Pascoa & Juan Pablo Torres-Martinez

**Welfare-improving debt constraints**

*by*Mario R. Páscoa & Myrian Petrassi & Juan Pablo Torres-Martinez

**Collateralized Assets And Asymmetric Information**

*by*Myrian Petrassi & Juan Pablo Torres-Martinez

**The Poor, the Rich and the Enforcer: Institutional Choice and Growth**

*by*Thor Koeppl & Cyril Monnet & Erwan Quintin

**A Characterization of Inefficiency in Stochastic Overlapping Generations Economies**

*by*Bloise, Gaetano & Calciano, Filippo L.

**Market Based, Segregated Exchanges with Default Risk**

*by*Kilenthong, Weerachart & Townsend, Robert

**Evaluating Asset Pricing Models with Limited Commitment using Household Consumption Data**

*by*Dirk Krueger & Hanno Lustig & Fabrizio Perri

**Incomplete Markets, Heterogeneity and Macroeconomic Dynamics**

*by*Bruce Preston & Mauro Roca

**Risk Based Explanations of the Equity Premium**

*by*John Donaldson & Rajnish Mehra

**Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Merchantilism**

*by*Ceyhun Bora Durdu & Enrique G. Mendoza & Marco E. Terrones

**Shareholder-efficient production plans in a multi-period economy**

*by*Jacques H. Drèze & Oussama Lachiri & Enrico Minelli

**The perfect foresights' assumption revisited : (I) the existence of equilibrium with multiple price expectations**

*by*Lionel de Boisdeffre

**Capital Flows, Interest Rates and Precautionary Behaviour: a model of Global Imbalances**

*by*Marcus Miller & Lei Zhang

**Exchange Rate Monitoring Bands: Theory and Policy**

*by*Luisa Corrado & Marcus Miller & Lei Zhang

**Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality**

*by*Primiceri, Giorgio E. & van Rens, Thijs

**Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality**

*by*Giorgio E. Primiceri & Thijs van Rens

**La Regulación de un Monopolio con Obligación de Servicio Universal: El Rol de la Flexibilidad Tarifaria**

*by*Jorge Li Ning & Manuel Willington

**Interpreting Life-Cycle Inequality Patterns asan Efficient Allocation: Mission Impossible?**

*by*Mark Huggett & Alejandro Badel

**A theory of strategic intermediation and endogenous liquidity**

*by*Rohit Rahi & Jean-Pierre Zigrand

**Value of information in competitive economies with incomplete markets**

*by*Piero Gottardi & Rohit Rahi

**Strategic financial innovation in segmented markets**

*by*Rohit Rahi & Jean-Pierre Zigrand

**Lessons from the 2007 Financial Crisis**

*by*Buiter, Willem H.

**Consumption and Labour Supply with Partial Insurance: An Analytical Framework**

*by*Heathcote, Jonathan & Storesletten, Kjetil & Violante, Giovanni L

**Solving Heterogeneous-Agent Models with Parameterized Cross-Sectional Distributions**

*by*Algan, Yann & Allais, Olivier & Den Haan, Wouter

**A characterization of inefficiency in stochastic overlapping generations economies**

*by*BLOISE, Gaetano & CALCIANO, Filippo L.

**Bulls, Bears and Excess Volatility: can currency intervention help?**

*by*Corrado, L. & Miller, M. & Zhang, L.

**Incomplete markets with no Hart points**

*by*Anderson, Robert M. & Raimondo, Roberto C.

**Uninsured Idiosyncratic Investment Risk and Aggregate Saving**

*by*George-Marios Angeletos

**Equilibrium in Financial Markets with Market Frictions**

*by*Guangsug Hahn & Dong Chul Won

**General Equilibrium Stock Index Futures Pricing Allowing for Event Risk**

*by*Simon H. Yen & Jai Jen Wang

**Trust and Trustworthiness in the Economy: How They Function and How They Should Be Promoted**

*by*Arai, Kazuhiro

**Pareto’S Optimum In Models Of General Economic Equilibrium With The Asset Market**

*by*Zoran Popović

**House price fluctuations and residential sorting**

*by*Markus Haavio & Heikki Kauppi

**Uninsured Idiosyncratic Investment Risk: Positive and Normative Implications**

*by*George-Marios Angeletos

**Polarization under incomplete markets and endogenous labor productivity**

*by*Albert Marcet & Francesc Obiols-Homs

**Evaluation asset pricing models with limited commitment using household consumption data**

*by*Krueger, Dirk & Lustig, Hanno & Perri, Fabrizio

**Stochastic modeling of private equity: an equilibrium based approach to fund valuation**

*by*Buchner, Axel & Kaserer, Christoph & Wagner, Niklas

**Capital Flows, Interest Rates and Precautionary Behaviour: a model of "global imbalances"**

*by*Marcus Miller & Lei Zhang

**Heterogeneous life-cycle profiles, income risk and consumption inequality**

*by*Giorgio E. Primiceri & Thijs van Rens

**More Hedging Instruments may destablize Markets**

*by*William Brock & Cars Hommes & Florian Wagener

**Solving Heterogeneous-agent Models with Parameterized Cross-sectional Distributions**

*by*Yann Algan & Olivier Allais & Wouter J Den Haan

**Complete Markets, Enforcement Constraints and Intermediation**

*by*Arpad Abraham & Eva Carceles-Poveda

**Wealth transfers and the role of collateral when lifetimes are uncertain**

*by*Abdelkrim Seghir & Juan Pablo Torres-Martinez

**Finite-Life, Private-Information Theory of Unsecured Debt**

*by*Satyajit Chatterjee & Dean Corbae & Jose-Victor Rios-Rull

**International Capital Flows Returns and World Financial Integration**

*by*Martin D D Evans & Viktoria Hnatkovska

**Dynamic Suboptimality of Competitive Equilibrium in Multiperiod Stochastic Overlapping Generations Economies**

*by*Espen Henriksen & Stephen Spear

**Pricing Rare Event Risk in Emerging Markets**

*by*Stephan Dieckmann & Michael Gallmeyer

**Taxation and Transaction Costs in a General Equilibrium Asset Economy**

*by*Frank Milne & Xing Jin

**Nash equilibria applied to Spot-financial equilibria in General equilibrium incomplete market models**

*by*Fugarolas, Guadalupe

**Money, Tobin Effect, and Incerasing Returns**

*by*Basci, Erdem & Erdogan, Ayse M. & Saglam, Ismail

**Testing for Separation in Agricultural Household Models and Unobservable Household-Specific Effects**

*by*Arcand, Jean-Louis & d'Hombres, Beatrice

**Multiplicity in General Financial Equilibrium with Portfolio Constraints, Second Version**

*by*Suleyman Basak & David Cass & Juan Manuel Licari & Anna Pavlova

**Multiplicity and Sunspots in General Financial Equilibrium with Portfolio Constraints**

*by*Suleyman Basak & David Cass & Juan Manuel Licari & Anna Pavlova

**Musings on the Cass Trick**

*by*David Cass

**Competitive Equilibrium with Incomplete Financial Markets**

*by*David Cass

**Discount Rates in Emerging Capital Markets**

*by*Samuel Mongrut & Dídac Ramírez

**Bankruptcy and Collateral in Debt Constrained Markets**

*by*Timothy J. Kehoe & David K. Levine

**Bubbles and Self-Enforcing Debt**

*by*Christian Hellwig & Guido Lorenzoni

**Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q**

*by*Enrique G. Mendoza

**Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development**

*by*Laarni Bulan & Christopher J. Mayer & C. Tsuriel Somerville

**Lessons From the Debt-Deflation Theory of Sudden Stops**

*by*Enrique G. Mendoza

**About the second theorem of welfare economics with stock markets**

*by*Jean-Marc Bonnisseau & Oussama Lachiri

**Economic Survival When Markets Are Incomplete**

*by*Pablo F. Beker & Subir Chattopadhyay

**Financial Integration, Macroeconomic Volatility and Welfare**

*by*Martin Evans and Viktoria Hnatkovska

**Monetary Equilibria in a Cash-in-Advance Economy with Incomplete Financial Markets**

*by*Jinhui H. Bai & Ingolf Schwarz

**Externalities, Monopoly and the Objective Function of the Firm**

*by*David Kelsey & Frank Milne

**Portfolio diversification and internalization of production externalities through majority voting**

*by*Crès, Hervé & Tvede, Mich

**Money and Production, and Liquidity Trap**

*by*Pradeep Dubey & John Geanakoplos

**Fear and Market Failure: Global Imbalances and 'Self-insurance'**

*by*Miller, Marcus & Zhang, Lei

**Heterogenous Life-Cycle Profiles, Income Risk and Consumption Inequality**

*by*Primiceri, Giorgio E & van Rens, Thijs

**Multiplicity in General Financial Equilibrium with Portfolio Constraints**

*by*Basak, Suleyman & Cass, David & Licari, Juan Manuel & Pavlova, Anna

**Pricing Risk in Economies with Heterogenous Agents and Incomplete Markets**

*by*Pijoan-Mas, Josep

**Belief Non-Equivalence And Financial Trade: A Comment On A Result By Araujo And Sandroni**

*by*Andrés Carvajal & Alvaro Riascos

**Private Finance and Public Policy**

*by*Garry J. Schinasi

**Nonlinear Income Variance Profile and Consumption Inequality over the Life Cycle**

*by*Naohito Abe & Tomoaki Yamada

**Risk in financial reporting: status, challenges and suggested directions**

*by*Claudio E. V. Borio & Kostas Tsatsaronis

**Belief Heterogeneity and Survival in Incomplete Markets**

*by*Tarek Coury & Emanuela Sciubba

**Public Policy Evaluation, Social Risk and Pension Capital**

*by*Mordecai KURZ

**Endogenous incomplete markets, enforcement constraints, and intermediation**

*by*Abraham, Arpad & Carceles-Poveda, Eva

**Multi-Dimensional Risk and the Cost of Business Cycles**

*by*Tom Krebs

**Arrow-Debreu-modell és a Kornai-kritika harminc év után**

*by*Móczár, József

**Competitive Equilibrium with Short-selling and Nontransitivie Preferences**

*by*Guangsug Hahn & Dongchul Won

**Model Dependency of the Digital Option Replication – Replication under an Incomplete Model (in English)**

*by*Tomáš Tichý

**Intertemporal choice and consumption mobility**

*by*Jappelli, Tullio & Pistaferri, Luigi

**Equilibria in exchange economies with financial constraints: Beyond the Cass Trick**

*by*V.F. Martins-da-Rocha & L. Triki

**Learning Your Earning: Are Labor Income Shocks Really Very Persistent?**

*by*Fatih Guvenen

**Monetary Policy with Incomplete Markets**

*by*Gourdel & Triki

**Discount Rates in Emerging Capital Markets**

*by*Samuel Mongrut Montalván & Didac Ramírez Sarrió

**Currency Derivatives under a Minimal Market Model with Random Scaling**

*by*David Heath & Eckhard Platen

**Portfolio Diversification and Internalization of Production Externalities through Majority Voting**

*by*Hervé Crès & Mich Tvede

**International Capital Flows in a World of Greater Financial Integration**

*by*Viktoria Hnatkovska & Martin Evans

**Externalities, Monopoly and the Objective Function of the Firm**

*by*Frank Milne & David Kelsey

**Family labor supply, precautionary behavior, aggregate saving and employment**

*by*Santos Monteiro, Paulo

**International Capital Flows, Returns and World Financial Integration**

*by*Martin D. D. Evans & Viktoria Hnatkovska

**Trade Policy, Income Risk, and Welfare**

*by*Tom Krebs & Pravin Krishna & William Maloney

**Uninsured Idiosyncratic Investment Risk**

*by*George-Marios Angeletos

**Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff**

*by*Ceyhun Bora Durdu & Enrique G. Mendoza

**Solving General Equilibrium Models with Incomplete Markets and Many Assets**

*by*Martin D. D. Evans & Viktoria Hnatkovska

**Competitive equilibrium with asymmetric information : the arbitrage characterization**

*by*Lionel de Boisdeffre

**Competitive equilibrium with asymmetric information : an existence theorem for numeraire assets**

*by*Lionel de Boisdeffre

**Incomplete markets and monetary policy**

*by*Pascal Gourdel & Leila Triki

**Monetary Equilibria in a Cash-in-Advance Economy with Incomplete Financial Markets**

*by*Ingolf Schwarz & Jinhui H. Bai

**Incremental Risk Vulnerability**

*by*Günter Franke & Richard C. Stapleton & Marti G. Subrahmanyam

**Elimination Of Arbitrage States In Asymmetric Information Models**

*by*Bernard Cornet & Lionel De Boisdeffre

**Monetary Equilibria in a Cash-in-Advance Economy with Incomplete Financial Markets**

*by*Jinhui H. Bai & Ingolf Schwarz

**Aggregate Savings When Individual Income Varies**

*by*Floden, Martin

**Solving General Equilibrium Models with Incomplete Markets and Many Assets**

*by*Martin D. D. Evans (Georgetown University) and Viktoria Hnatkovska (Georgetown University)

**International Capital Flows, Returns and World Financial Integration**

*by*Martin D. D. Evans (Georgetown University) and Viktoria Hnatkovska (Georgetown University)

**Trading Volumes in Dynamically Efficient Markets**

*by*Tony Berrada & Julien Hugonnier & Marcel Rindisbacher

**Local Interactions as a Decentralized Mechanism Coordinating Equilibrium Expectations**

*by*Martin Hohnisch

**The New Wave of Liquidity: Impact of Friction**

*by*Shojai, Shahin & Wang, Samuel

**Wage risk and employment risk over the life-cycle**

*by*Luigi Pistaferri & Hamish Low & Costas Meghir

**Endogenous Trading Constraints with Incomplete Asset Markets**

*by*Eva Carceles Poveda & Arpad Abraham

**Leverage, Incomplete Markets and Crises**

*by*John Geanakoplos & Felix Kubler

**Pension Reform and Endogenous Borrowing Constraints**

*by*Juan Rojas & Carlos Urrutia

**Consumption Inequality, Income Uncertainty and Insurance**

*by*Luigi Pistaferri & Richard Blundell & Ian Preston

**Legal Institutions, Sectoral Heterogeneity, and Economic Development**

*by*Rui Castro & Gian Luca Clementi & Glenn MacDonald

**A Model to Analyse Financial Fragility: Applications**

*by*Dimitrios P Tsomocos & Charles A.E. Goodhart

**Optimal lender of last resort policy in different financial systems**

*by*Fecht, Falko & Tyrell, Marcel

**The Ideal Inflation Indexed Bond and Irving Fisher's Impatience Theory of Interest in an Overlapping Generations World**

*by*John Geanakoplos

**General Equilibrium with Endogenous Securities and Moral Hazard**

*by*Luis H. B. Braido

**On the Allocative Efficiency of Competitive Prices in Economies with Incomplete Markets**

*by*Tarun Sabarwal

**Value Maximization As An Ex Post Consistent Firm Objective When Markets are Incomplete**

*by*Tarun Sabarwal

**The Arbitrage Pricing Theorem with Incomplete Preferences**

*by*David Kelsey & Erkan Yalcin

**Measuring Financial Cash Flow and Term Structure Dynamics**

*by*CORNELIS A. LOS

**Hedging Diffusion Processes by Local Risk-Minimisation with Applications to Index Tracking**

*by*David Colwell & Nadima El-Hassan & Oh-Kang Kwon

**Quadratic term structure models with jumps in incomplete currency markets**

*by*Daal, Elton

**On Price-Taking Behavior in Asymmetric Information Economies**

*by*Richard McLean & James Peck & Andrew Postlewaite

**The Aggregate Weak Axiom in a Financial Economy through Dominant Substitution Effects**

*by*John Quah

**Incomplete Market Dynamics in a Neoclassical Production Economy**

*by*George-Marios Angeletos & Laurent-Emmanuel Calvet

**Quantitative Implication of A Debt-Deflation Theory of Sudden Stops and Asset Prices**

*by*Enrique G. Mendoza & Katherine A. Smith

**Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees**

*by*Enrique G. Mendoza & Ceyhun Bora Durdu

**Pension reform, assets returns and wealth distribution**

*by*Falilou Fall

**General equilibrium with asymmetric information and default penalties**

*by*Nuno Gouveia

**On the objective of firms under uncertainty with stock markets**

*by*Jean-Marc Bonnisseau & Oussama Lachiri

**A note on the Drèze’s criterion for large capitalist firms**

*by*Jean-Marc Bonnisseau & Oussama Lachiri

**Walrasian non-tâtonnement with incomplete and imperfect markets**

*by*Gaël Giraud

**No-arbitrage equilibria with differential information : an enlarged existence theorem**

*by*Lionel de Boisdeffre

**No-arbitrage equilibria with differential information : a proof of existence**

*by*Lionel de Boisdeffre

**On the survival and irreducibility assumptions for financial markets with nominal assets**

*by*Abdelkrim Seghir & Leila Triki & Stella Kanellopoulou

**Risk-Free Bond Prices in Incomplete Markets with Recursive Utility Functions and Multiple Beliefs**

*by*Chaiki Hara & Atsushi Kajii

**Voting in Assemblies of Shareholders and Incomplete Markets**

*by*Mich Tvede & Hervé Crès

**Survival of the Fittest on Wall Street**

*by*Thorsten Hens & Klaus Reiner Schenk-Hoppé

**Retained Earnings Dynamic, Internal Promotions And Walrasian Equilibrium**

*by*Pablo F. Beker

**Income risk and consumption inequality: a simulation study**

*by*Richard Blundell & Hamish Low & Ian Preston

**The perpetual American put option for jump-diffusions: Implications for equity premiums**

*by*Aase, Knut K.

**Sunspot Equilibria and the Transfer Paradox**

*by*Hens, Thorsten & Pilgrim, Beate

**A model to analyse financial fragility: applications**

*by*Charles Goodhart & Pojanart Sunirand & Dimitrios P. Tsomocos

**Pareto Improving Taxation in Incomplete Markets**

*by*Sergio Turner

**Investment in Human Capital in a Macrodynamic Framework: Redistributive Taxation, Public Debt and Welfare**

*by*Leandro GonÃ§alves do Nascimento

**welfare cost of business cycles when markets are incomplete**

*by*tom krebs

**Global identification from the equilibrium manifold under incomplete markets**

*by*Andres Carvajal & Alvaro Riascos

**Does Housing Wealth Make Us Less Equal? The Role of Durable Goods in the Distribution of Wealth**

*by*Robert F. Martin Joseph W. Gruber

**A Consistent Firm Objective When Markets are Incomplete: Profit Maximization**

*by*Tarun Sabarwal

**Pareto Improving Taxation in Incomplete Markets**

*by*Sergio Turner

**Global Identification from the equilibrium Manifold under Incomplete markets**

*by*Andres Carvajal & Alvaro Riascos

**Endogenous Collateral**

*by*MÃ¡rio PÃ¡scoa & Aloisio Araujo & JosÃ© Fajardo

**Investment in Human Capital in a Macrodynamic Framework: Redistributive Taxation, Public Debt and Welfare**

*by*Leandro Nascimento

**Are Sunspots Inevitable?**

*by*Christophe Prechac & Aditya Goenka

**Internalisation of Transport Noise Externalities: Activity Disturbance Pricing and Implementation**

*by*Ernestine M. A. Gross

**The Dreze and Grossman-Hart criteria for production in incomplete markets: Voting foundations and compared political stability**

*by*CRES, Hervé & TVEDE, Mich

**Gold, Fiat and Credit. An Elementary Discussion of Commodity Money, Fiat Money and Credit, Part II**

*by*Thomas Quint & Martin Shubik

**A Consumable Money. An Elementary Discussion of Commodity Money, Fiat Money and Credit: Part I**

*by*Thomas Quint & Martin Shubik

**Competitive Equilibria of Economies with a Continuum of Consumers and Aggregate Shocks**

*by*Jianjun Miao

**Risk Shifting, Technology Policy and Sales Contingent Claims: When is Launch Aid to the Aerospace Industry A Subsidy?**

*by*Kaivanto, Kim & Stoneman, Paul

**Production and financial policies under asymmetric information**

*by*DRÈZE, Jacques & MINELLI, Enrico & TIRELLI, Mario

**Efficiency of competitive equilibria with hidden action : the role of separable preferences**

*by*PANACCIONE, Luca

**Los servicios financieros y el TLC con Estados Unidos**

*by*Anif & Fedesarrollo

**'Insufficient Incentives for Investment in Electricity Generation’**

*by*Neuhoff, K. & de Vries, L.

**Análise Da Influência Da Lei De Falências E Da Eficiência Do Judiciário No Desenvolvimento Do Mercado De Crédito**

*by*Aloisio Araújo & Bruno Funchal

**Investment Decisions and Normalization with Incomplete Markets: A Pitfall in Aggregating Shareholders' Preferences**

*by*Luigi Ventura

**Capital Ownership under Market Incompleteness: Does it matter?**

*by*Eva Carceles-Poveda

**Endogenous Trading Constraints in Asset Markets**

*by*Eva Carceles-Poveda & Arpad Abraham

**Equilibrium Analysis, Banking, Contagion and Financial Fragility**

*by*David Vines

**The Role of Transaction Costs and Risk Premia in the Determination of Climate Change Policy Responses**

*by*Stronzik, Marcus & Hunt, Alistair & Eckermann, Frauke & Taylor, Tim

**Optimaler Wettbewerb: Überlegungen zur Dimensionierung von Konkurrenz**

*by*Kramer, Jost W.

**Competitive Equilibria of Economies with a Continuum of Consumers and Aggregate Shocks**

*by*Jianjun Miao

**Buyer feedback as a filtering mechanism for reputable sellers**

*by*Paolo Laureti & Frantisek Slanina & Yi-Kuo Yu & Yi-Cheng Zhang

**A Benchmark Framework for Risk Management**

*by*Eckhard Platen

**On Rothschild-Stiglitz as competitive pooling**

*by*Alberto Martin

**Strategic Market Games with a Finite Horizon and Incomplete**

*by*Gaël GIRAUD & Sonia WEYERS

**Existence of Equilibrium and Price Adjustments in a Finance Economy with Incomplete Markets**

*by*Talman, A.J.J. & Thijssen, J.J.J.

**Incomplete Markets, Labor Supply and Capital Accumulation**

*by*Albert Marcet & Francesc Obiols-Homs & Philippe Weil

**Housing Markets and Labor Mobility**

*by*Heikki Kauppi & Markus Haavio

**Equilibrium Analysis, Banking and Financial Instability**

*by*Dimitrios P. Tsomocos

**Equilibrium Analysis, Banking, Contagion and Financial Fragility**

*by*Dimitrios Tsomocos

**Exchange Monitoring Bands: Theory and Policy**

*by*Luisa Corrado & Marcus H. Miller & Lei Zhang

**A General Equilibrium Financial Asset Economy with Transaction Costs and Trading Constraints**

*by*Frank Milne & Edwin Neave

**Financial Innovation, Market Participation and Asset Prices**

*by*Laurent Calvet & Martin Gonzalez-Eiras & Paolo Sodini

**On the Range of the Risk-Free Interest Rate in Incomplete Markets**

*by*Chiaki Hara & Atsushi Kajii

**Evolutionary Stable Stock Markets**

*by*Igor Evstigneev & Thorsten Hens & Klaus Reiner Schenk-Hoppé

**Pareto Improving Price Regulation When the Asset Market is Incomplete**

*by*P. J. J. Herings & H. M. Polemarchakis

**Evolutionary Stability of Portfolio Rules in Incomplete Markets**

*by*Thorsten Hens & Klaus Reiner Schenk-Hoppé

**Rational Expectation Can Preclude Trades**

*by*Matsuhisa, Takashi & Ishikawa, Ryuichiro

**Equilibrium analysis, banking, contagion and financial fragility**

*by*Dimitrios P. Tsomocos

**The Ideal Inflation Indexed Bond and Irving Fisher's Impatience Theory of Interest in an Overlapping Generations World**

*by*John Geanakoplos

**Optimal Financial Market Integration and Security Design**

*by*Acharya, Viral V & Bisin, Alberto

**Market selection and survival of investment strategies**

*by*AMIR, Rabah & EVSTIGNEEV, Igor & HENS, Thorsten & SCHENK-HOPPÉ, Klaus Reiner

**Sequentially complete markets remain incomplete**

*by*DRÈZE, Jacques & HERINGS, Jean-Jacques

**Incomplete Markets, Labor Supply and Capital Accumulation**

*by*Albert Marcet & Francesc Obiols-Homs & Philippe Weil

**Growth and Welfare Effects of Business Cycles in Economies with Idiosyncratic Human Capital Risk**

*by*Tom Krebs

**Multilateral and Bilateral Meetings with Production Heterogeneity**

*by*Klaus Kultti & Toni Riipinen

**Existence of Equilibrium and Zero-Beta Pricing Formula in the Capital Asset Pricing Model with Heterogeneous Beliefs**

*by*Ning Sun & Zaifu Yang

**Pricing and hedging options in incomplete markets**

*by*Joseph Andria & Manfred Gilli

**Inequality over the Business Cycle: Estimating Income Risk using Micro-Data on Consumption**

*by*Giorgio Primiceri & Thijs van Rens

**Existence of Equilibrium in Incomplete Markets with Non-Ordered Preferences**

*by*Erkan Yalcin

**The Strong Sequential Core in a Dynamic Exchange Economy**

*by*Arkadi Predtetchinski & P. Jean-Jacques Herings & Hans Peters

**The Weak Sequential Core for Two-period Economies**

*by*Predtetchinski A. & Herings P.J.J. & Perea A.

**Are Incomlete Markets Able to Achieve Minimal Efficiency?**

*by*Egbert Dierker & Hildegard Dierker & Birgit Grodal

**A Benchmark Framework for Integrated Risk Management**

*by*Eckhard Platen

**Inequality over the business cycle: Estimating income risk using micro-data on consumption**

*by*Giorgio Primiceri & Thijs van Rens

**Incomplete markets, labor supply and capital accumulation**

*by*Albert Marcet & Francesc Obiols-Homs & Philippe Weil

**Inside versus outside money: indeterminacy in GEI models**

*by*Leo Ferraris

**Income Taxation when Markets are Incomplete**

*by*Tirelli, Mario

**Are Incomplete Markets Able to Achieve Minimal Efficiency?**

*by*Egbert Dierker & Hildegard Dierker & Birgit Grodal

**Market Selection and Survival of Investment Strategies**

*by*Rabah Amir & Igor V. Evstigneev & Thorsten Hens & Klaus Reiner Schenk-Hoppé

**Partial insurance, information and consumption dynamics**

*by*Richard Blundell & Luigi Pistaferri & Ian Preston

**Limited Enforceable International Loans, International Risk Sharing and Trade**

*by*Almuth Scholl

**Core Equivalence in Economy under Generalized Information**

*by*Matsuhisa, Takashi & Ishikawa, Ryuichiro & Hosino, Yoshiaki

**No Speculation in Rational Expectations under Generalized Information**

*by*Ishikawa, Ryuichiro & Matsuhisa, Takashi & Hoshino, Yoshiaki

**Notes on the Suboptimality Result by J. D. Geanakoplos and H. M. Polemarchakis (1986)**

*by*Antonio Jimenez-Martinez

**Option Pricing with Discrete Rebalancing**

*by*Jean-Luc PRIGENT & Olivier RENAULT & Olivier SCAILLET

**Controlling price volatility through financial innovation**

*by*Alessandro, CITANNA & SCHMEDDERS, Karl

**Partial Insurance, Information, and Consumption Dynamics**

*by*Blundell, Richard William & Pistaferri, Luigi & Preston, Ian

**Entrepreneurial Incentives in Stock Market Economies**

*by*Acharya, Viral V & Bisin, Alberto

**Exchange Rate Monitoring Bands: Theory and Policy**

*by*Corrado, Luisa & Miller, Marcus & Zhang, Lei

**Risk Aversion and Optimal Portfolio Policies in Partial and General Equilibrium Economies**

*by*Kogan, Leonid & Uppal, Raman

**Exchange Rate Monitoring Bands: Theory and Policy**

*by*Corrado, L. & Marcus Miller & Lei Zhang

**Pricing Risk in Economies with Heterogenous Agents and Incomplete Markets**

*by*Josep Pijoan-Mas

**Bancruptcy in a model of unsecured claims**

*by*Mário R. Páscoa & Aloisio P. Araujo

**Incomplete markets: transverse financial structures**

*by*Jean-Marc Bottazzi

**On optimality in intergenerational risk sharing**

*by*Gabrielle Demange

**The cumulant process and Esscher's change of measure**

*by*Albert N. Shiryaev & Jan Kallsen

**Derivative pricing based on local utility maximization**

*by*Jan Kallsen

**An Application of Evolutionary Finance to Firms Listed in the Swiss Market Index**

*by*Thorsten Hens & Klaus Reiner Schenk-Hoppé & Martin Stalder

**Patience, Persistence, and Welfare Costs of Incomplete Markets in Open Economies**

*by*Jinill Kim, Sunghyun Kim, and Andrew Levin

**The Influence of Heterogeneous Preferences on Asset Prices in an Incomplete Market Model**

*by*Frank Niehaus

**Asset Pricing in Models with incomplete markets and default**

*by*Karl Schmedders, Felix Kubler

**A Partial Equilibrium Model of Option Markets**

*by*Dietmar P.J. Leisen and Kenneth L. Judd

**Stock Based Compensation: Firm-specific risk, Efficiency and Incentives**

*by*Vicky Henderson

**The Influence of Heterogeneous Preferences on Asset Prices in an Incomplete Market Model**

*by*Frank Niehaus

**Capital Income Taxation of Asymmetric Countries**

*by*Koop, Michael J.

**Computing Equilibria in Finance Economies**

*by*P.J.J. Herings & F. Kubler

**Nonexistence of constrained Efficient Equilibria when Markets are Incomplete**

*by*Egbert Dierker & Hildegard Dierker & Birgit Grodal

**Complete and Incomplete Markets with Short-Sale Constraints**

*by*Eduardo L. Giménez

**Voting in Assemblies of shareholders and Incomplete Markets**

*by*Mich Tvede & Hervé Crès

**Proxy fights in incomplete markets: when majority voting and sidepayments are equivalent**

*by*Hervé Crès & Mich Tvede

**Competitive Pooling: Rothschild-Stiglitz Reconsidered**

*by*P. Dubey & J. Geanakoplos

**Insurance Contracts Designed by Competitive Pooling**

*by*P. Dubey & J. Geanakoplos

**Default and Punishment in General Equilibrium**

*by*P. Dubey & J. Geanakoplos & M . Shubik

**Asymptotic Methods for Asset Market Equilibrium Analysis**

*by*Kenneth L. Judd & Sy-Ming Guu

**Small Income Effects Destroy the Constrained Efficiency of All Equilibria in Finance Economies with Production**

*by*Egbert Dierker & Hildegard Dierker & Birgit Grodal

**Undiversifiable Returns in a CAPM Economy**

*by*Peghe Braila & Claude Wampach

**Capital Income Taxation of Asymmetric Countries**

*by*Michael J. Koop

**Long-Lived Assets, Incomplete Markets, And Optimality**

*by*Subir Chattopadhyay

**Financial Innovation, Market Participation and Asset Prices**

*by*Calvet, Laurent & Gonzalez-Eiras, Martin & Sodini, Paolo

**The Influence of Heterogeneous Preferences on Asset Prices in an Incomplete Market Model**

*by*Niehaus, Frank

**Efficiency properties of rational expectations equilibria with asymmetric information**

*by*Rohit Rahi & Piero Gottardi

**Proxy fights in incomplete markets: when majority voting and sidepayments are equivalent**

*by*CRES, Herve & TVEDE, Mich

**Voting in assemblies of shareholders and incomplete markets**

*by*CRES, Herve & TVEDE, Mich

**Competitive Pooling: Rothschild-Stiglitz Reconsidered**

*by*Pradeep Dubey & John Geanakoplos

**Competitive Pooling: Rothschild-Stiglitz Reconsidered**

*by*Pradeep Dubey & John Geanakoplos

**If You're So Smart, Why Aren't You Rich? Belief Selection in Complete and Incomplete Markets**

*by*Larry Blume & David Easley

**Liquidity, Default and Crashes: Endogenous Contracts in General Equilibrium**

*by*John Geanakoplos

**Liquidity, Default and Crashes: Endogenous Contracts in General Equilibrium**

*by*John Geanakoplos

**Insurance Contracts Designed by Competitive Pooling**

*by*Pradeep Dubey & John Geanakoplos

**Signalling and Default: Rothschild-Stiglitz Reconsidered**

*by*Pradeep Dubey & John Geanakoplos

**Default and Punishment in General Equilibrium**

*by*Pradeep Dubey & John Geanakoplos & Martin Shubik

**Default and Punishment in General Equilibrium**

*by*Pradeep Dubey & John Geanakoplos & Martin Shubik

**Efficiency Properties of Rational Expectations Equilibria with Asymmetric Information**

*by*Gottardi, Piero & Rahi, Rohit

**The taxation of trades in assets**

*by*CITANNA, Alessandro & POLEMARCHAKIS, Herakles M. & TIRELLI, Mario

**General Equilibrium Pricing of Trading Strategy Risk**

*by*Abraham Lioui & Patrice Poncet

**Dynamic Asset Pricing With Non-Redundant Forwards**

*by*Abraham Lioui & Patrice Poncet

**Existence of Competitive Equilibrium under Financial Constraints and Increasing Returns**

*by*Erdem Basci & Nur Ata

**Bertrand-Edgeworth Equilibrium in a Cash-Advance Economy**

*by*Erdem Basci & Ismail Saglam

**Labor Income and Risky Assets under Market Incompleteness: Evidence from Italian Data**

*by*Giuseppe Grande & Luigi Ventura

**Three Exchange Rate Regimes and a Monetary Union: Determinacy, Currency Crises, and Welfare**

*by*Carsten K. Nielsen

**The set of sunspot equilibria in economies with incomplete financial markets: variable asset prices**

*by*Tito Pietra

**Moral hazard and general equilibrium in large economies**

*by*Marcos B. Lisboa

**Computable general equilibrium with financial markets**

*by*Felix Kubler

**Monopolistic security design in finance economies**

*by*Karl Schmedders

**Asymptotic methods for asset market equilibrium analysis**

*by*Sy-Ming Guu & Kenneth L. Judd

**Coherent risk measures and good-deal bounds**

*by*Stefan Jaschke & Uwe Küchler

**Incomplete Markets, Transitory Shocks, and Welfare**

*by*Felix Kubler & Karl Schmedders

**A General Refutation of the Law of One Price as Empirical Hypothesis**

*by*Carsten Herrmann-Pillath

**Bankruptcy Law, Capital Allocation, and Aggregate Effects: A Dynamic Heterogenous Agent Model with Incomplete Markets**

*by*Tao Zha

**Investor´s Distrust and the Marketing of New Financial Assets**

*by*Enrique L. Kawamura

**Equilibrium Analysis, Banking and Financial Instability**

*by*Dimitrios P Tsomocos

**Nonexistence of Constrained Efficient Equilibria when Markets are Incomplete**

*by*Egbert Dierker & Hildegard Dierker & Birgit Grodal

**Dynamique et marche intertemporel : deroulement reel et anticipations**

*by*Courrege, P. & Lacroix, J. & Matarasso, P.

**Why the Poor can Gain from Increased Interest Rates in Grameen Bank**

*by*Hatlebakk, M.

**Competitive Equilibrium with moral hazard in Economies with multiple commodities**

*by*CITANNA, Alessandro

**The relevance of extrinsic uncertainty**

*by*POLEMARCHAKIS, Heracles M. & VENTURA, Luigi

**The identification of preferences from equilibrium prices under uncertainty**

*by*POLEMARCHAKIS, Heracles M. & CHIAPPORI, P. A. & KUBLER, F. & EKELAND, I.

**Majority Stable Production Equilibria: A Multivariate Mean Shareholders Theorem**

*by*Hervé Crès

**Asset Market Structure and Growth**

*by*Pighi Braila & Alessandro Turrini

**Ambiguity Aversion and Incompleteness of Financial Markets**

*by*Sujoy Mukerji & Jean-Marc Tallon

**The Unit Root Property When Markets Are Sequentially Incomplete**

*by*Antonio Jiménez-Martínez & Subir Chattopadhyay

**The Taxation of Trades in assets**

*by*CITANNA, Alessandro & POLEMARCHAKIS, Heracles M. & TIRELLI, M.

**Proportional transaction costs on asset trades : a note on existence by homotopy methods**

*by*CITANNA, Alessandro

**Competitive Equilibrium with Moral Hazard in Economies with Multiple Commodities**

*by*CITANNA, Alessandro

**The Theory of Money**

*by*Martin Shubik

**Equilibrium and arbitrage in incomplete asset markets with fixed prices**

*by*HERINGS, Jean-Jacques & POLEMARCHAKIS, Heracles

**The identification of preferences from equilibrium prices under uncertainty**

*by*CHIAPPORI, Pierre-André & EKELAND, Ivar & KUBLER, Félix & POLEMARCHAKIS, Heracles

**Constrained suboptimality and financial innovation in GEI with a single commodity**

*by*TIRELLI, Mario

**Capital income taxation when markets are incomplete**

*by*TIRELLI, Mario

**Informational efficiency properties of rational expectations equilibria in non-convex economies**

*by*Giulio Seccia

**Introduction to a theory of value coherent with the no-arbitrage principle**

*by*Marco Frittelli

**Convergence of discrete time option pricing models under stochastic interest rates**

*by*O. Scaillet & J.-L. Prigent & J.-P. Lesne

**Enforcement of Contracts when Markets are Incomplete**

*by*Søren Kyhl

**Incomplete Risk Sharing Arrangements and the Value of Information**

*by*Eckwert, B. & Zilcha, I.

**On Generically Complete Markets With an Open-Ended Horizon**

*by*Bottazzi, J.-M. & Meddeb, M.

**On Generically Complete Markets With an Open-Ended Horizon**

*by*Bottazzi, J.-M. & Meddeb, M.

**Incomplete Markets : "Financial Engineering" of Transverse Asset Structures**

*by*Bottazzi, J.-M.

**Incomplete Markets : "Financial Engineering" of Transverse Asset Structures**

*by*Bottazzi, J.-M.

**Ambiguity Aversion and Incompleteness of Financial Markets**

*by*Mukerji, S. & Tallon, J.-M.

**Ambiguity Aversion and Incompleteness of Financial Markets**

*by*Mukerji, S. & Tallon, J.-M.

**Incomplete Markets and Volatility**

*by*Calvet, L.E.

**Precautionary Savings in Incomplete Financial Markets**

*by*Kast, R. & Lapied, A.

**Complete Markets in Italy: An Analysis on Micro Data**

*by*Tomaso Duso

**Utility based pricing of contingent claims**

*by*A. Gamba & P. Pellizzari

**Pareto Improving Price Regulation when the Asset Market is Incomplete**

*by*Herings, P.J.J. & Polemarchakis, H.M.

**The Robustness of the CAPM - A Computational Approach**

*by*Herings, P.J.J. & Kubler, F.

**Intertemporal Choice and Consumption Mobility**

*by*Tullio Jappelli & Luigi Pistaferri

**Consumption Insurance or Consumption Mobility?**

*by*Tullio Jappelli & Luigi Pistaferri

**- Information, Stabilization, And Welfare: The Case Of Sunspots**

*by*Subir Chattopadhyay

**Financial Innovation and Price Volatility**

*by*Alessandro, CITANNA

**Pareto Improving Price Regulation When the Asset Market Is Incomplete**

*by*P. Jean-Jacques Herings & Heracles M. Polemarchakis

**On a shareholder constrained efficient criterion for strategic firms**

*by*Luigi VENTURA

**Option Pricing with Discrete Rebalancing**

*by*Prigent, J.-L. & Renault, O. & Scaillet, O.

**Insider Trading, Investment and Liquidity**

*by*Bhattacharya, Sudipto & Nicodano, Giovanna

**Consumption Insurance or Consumption Mobility**

*by*Jappelli, Tullio & Pistaferri, Luigi

**Arbitrage and equilibrium with exchangeable risks**

*by*HEIFETZ, Aviad & MINELLI, Enrico & POLEMARCHAKIS, Heracles

**Nash-Walras equilibria of a large economy**

*by*MINELLI, Enrico & POLEMARCHAKIS, Heracles

**Some recent developments in capital market theory: A survey**

*by*Richard C. Stapleton

**Disaggregation of excess demand and comparative statics with incomplete markets and nominal assets**

*by*Thorsten Hens & Piero Gottardi

**Welfare-improving financial innovation with a single good**

*by*Ronel Elul

**Social Security in an Overlapping Generations Economy with Land**

*by*Ayse Imrohoroglu & Selahattin Imrohoroglu & Douglas H. Joines

**Projected U.S. Demographics and Social Security**

*by*Mariacristina De Nardi & Selahattin Imrohoroglu & Thomas J. Sargent

**Equity as a Call Option on Mean-Reverting Cash Flows**

*by*Chang, S.W.

**ARCH Models and Option Pricing: The Continuous Time Connection**

*by*Fornari, F. & Mele, A.

**Capital Market Equilibrium with Mispricing and Arbitrage Activity**

*by*Basak, S. & Croitoru, B.

**Education and Borrowing Constraints: Tests vs. Prices**

*by*Raquel Fernandez

**Education and Borrowing Constraints: Tests vs Prices**

*by*Fernandez, R.

**Education and Borrowing Constraints: Tests Vs. Prices**

*by*Fernández, Raquel

**Assets, human capital, and growth**

*by*BRAILA, Chrissopighi & TURRINI, Alessandro

**Indeterminacy of equilibrium allocations in monetary open economies**

*by*SALTO, Matteo

**Pareto improving price regulation when the asset market is incomplete**

*by*HERINGS, Jean-Jacques & POLEMARCHAKIS, Heracles

**Investment decisions and normalization with incomplete markets: a remark**

*by*VENTURA, Luigi

**Unawareness and bankruptcy: A general equilibrium model**

*by*Salvatore Modica & J.-Marc Tallon & Aldo Rustichini

**Constrained suboptimality in incomplete markets: a general approach and two applications**

*by*Atsushi Kajii & Antonio Villanacci & Alessandro Citanna

**Pareto improving financial innovation in incomplete markets**

*by*David Cass & Alessandro Citanna

**Aggregation, efficiency and mutual fund separation in incomplete markets**

*by*JÊrÆme B. Detemple & Piero Gottardi

**Options and sunspots in a simple monetary economy**

*by*Gaetano Antinolfi & Todd Keister

**Option pricing with transaction costs and a nonlinear Black-Scholes equation**

*by*Halil Mete Soner & Guy Barles

**Robust hedging of the lookback option**

*by*David G. Hobson

**Hedging American contingent claims with constrained portfolios**

*by*Ioannis Karatzas & (*), S. G. Kou

**General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies**

*by*Youngjae Lim & Robert Townsend

**Incomplete Markets: Convergence of Options Values under the Minimal Martingale Measure. The Multidimensional Case**

*by*Prigent, J.L.

**Convergence of Discrete Time Options Pricing Models under Stochastic Rates**

*by*Lesne, J.P. & Prigent, J.L. & Scaillet, O.

**Correlated Equilibria in Competitive Market Games**

*by*Giraud, G.

**A Note on "Stability of Tâtonnement Processes of Short Period Equilibria with Rational Expectations"**

*by*Herings, P.J.J.

**Heterogeneous Information Arrival and Option Pricing**

*by*Patrick K. Asea & Mthuli Ncube

**To Each According To...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints**

*by*Raquel Fernandez & Jordi Gali

**Asset Markets and Investment Decisions**

*by*A. De Waegenaere & Heracles M. Polemarchakis & L. Ventura

**To Each According to ...?: Markets, Tournaments, and The Matching Problem with Borrowing Constraints**

*by*Fernandez, Raquel & Gali, Jordi

**Income and Consumption Smoothing Among US States: Regions or Clubs?**

*by*Sørensen, Bent E & Yosha, Oved

**To Each According To...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints**

*by*Fernández, Raquel & Galí, Jordi

**Robustness of the coordinating role of a redundant security**

*by*HARA, Chiaki

**Discreteness of equilibria in incomplete markets with a continuum of states**

*by*KLINGER MONTEIRO, Paulo & PASCOA, Mario R.

**Nonparametric Methods and Option Pricing**

*by*Eric Ghysels & Valentin Patilea & Éric Renault & Olivier Torrès

**Equilibrium Asset Prices and No-Arbitrage with Portfolio Constraints**

*by*Jérôme B. Detemple & Shashidhar Murthy

**Aggregation, Efficiency and Mutual Fund Separation in Incomplete Markets**

*by*Jérôme B. Detemple & Piero Gottardi

**Nash-implementation of the weak Pareto choice rule for indecomposable environments**

*by*Hiroaki Osana

**Which improves welfare more: A nominal or an indexed bond?**

*by*Michael Magill & Martine Quinzii

**Portfolio Dominance and Optimality in Infinite Security Markets**

*by*Aliprantis, C. D. & D. J. Brown & I. A. Polyrakis & J. Werner

**Costly Acquisition of Information with Incomplete Markets**

*by*Marta Laitenberger

**Expectational Diversity in Monetary Economics**

*by*Brock, W.A. & de Fontnouvelle, P.

**Information revelation and market incompleteness**

*by*José M. Marín & Rohit Rahi

**Stability of Tâtonnement processes of short period equilibria with rational expectations**

*by*Thorsten Hens

**Prices, Asset Markets and Indeterminacy**

*by*Heracles M. Polemarchakis & P. Siconolfi

**Two Roles for Monetary Policy when the Asset Market is Incomplete and Information is Asymmetric**

*by*DONATI, P.

**American Options with Stochastic Dividends and Volatility: A Nonparametric Investigation**

*by*Mark Broadie & Jérôme B. Detemple & Eric Ghysels & Olivier Torrès

**Nonparametric Estimation of American Options Exercise Boundaries and Call Prices**

*by*Mark Broadie & Jérôme B. Detemple & Eric Ghysels & Olivier Torrès

**Arbitrage Based Pricing When Volatility Is Stochastic**

*by*Peter Bossaert & Eric Ghysels & Christian Gouriéroux

**Incomplete Markets: A Remark on the Convergence of the Minimal Martingale Measure and Application to the Derivative Assets Pricing**

*by*Prigent, J.L.

**Optimal Investment Policies for a Firm with a Random Risk Process: Exponential Utility and Minimizing the Probability of Ruin**

*by*Browne, S.

**Too Few Risk Takers**

*by*Black, J. & de Meza, D.

**Endogenous Borrowing Constraints with Incomplete Markets**

*by*Zhang, H.H.

**A macroeconomic model**

*by*DE WAEGENAERE, Anja & POLEMARCHAKIS, Heracles & VENTURA , Luigi

**The relevance of extrinsic uncertainty**

*by*POLEMARCHAKIS, Heracles & VENTURA, Luigi

**Can Irrelevant Product Differentiation Matter ?**

*by*VENTURA , Luigi

**Asset and Commodity Prices with Multiattribute Durable Goods**

*by*Jérôme B. Detemple & Christos I. Giannikos

**A Role for Monetary Policy when Prices reveal Information : An Example**

*by*POLEMARCHAKIS, Heracles & SECCIA, Giulio

**Prices, Asset Markets and Indeterminacy**

*by*POLEMARCHAKIS, Heracles & SICONOLFI , Paolo

**On the Role of Paper Money in General Equilibrium Model without Transactions Costs**

*by*KAJII, Atsushi

**On the Stability of Intertemporal Equilibria with Rational Expectations**

*by*Thorsten Hens

**Stock Price Fluctuation as a Diffusion in a Random Environment**

*by*Föllmer, Hans

**Generic Existence of Competitive Equilibria when the Asset Market is Incomplete : A Symmetric Argument**

*by*POLEMARCHAKIS, Heracles & SICONOLFI, Paolo

**Equilibrium with Incomplete Financial Markets : Uniqueness of Equilibrium Expectations and Real Indeterminacy**

*by*PIETRA, Tito & SICONOLFI, Paolo

**Partially revealing rational expectations equilibria with nominal assets**

*by*Rahi,Rohit

**Infinite horizon,Incomplete markets**

*by*Magill,Michael & Quinzii,Martine

**The Existence of Equilibrium and the Objective Function of the Firm**

*by*David Kelsey & Frank Milne

**The generic existence of competitive equilibria with restricted participation**

*by*POLEMARCHAKIS, Heracles & SICONOLFI, Paolo

**The Economics of Discrimination Thirty Years Later: Economists Enter the Courtroom**

*by*Orley Ashenfelter & Ronald Oaxaca

**Marktverhalten bei Qualitätsunsicherheit**

*by*Gilroy, Bernard Michael & Broll, Udo

**Existence of Sunspot Equilibria and Uniqueness of Spot Market Equilibria: The Case of Intrinsically Complete Markets**

*by*Thorsten Hens & Beate Pilgrim & Janos Mayer

**Limits to Arbitrage when Market Participation Is Restricted**

*by*Thorsten Hens & P. Jean-Jacques Herings & Arkadi Predtetchinskii

**Evolutionary Stable Stock Markets**

*by*Igor Evstigneev & Thorsten Hens & Klaus Reiner Schenk-Hoppï¿½

**Two Paradigms and Nobel Prizes in Economics: A Contradiction or Coexistence?**

*by*Haim Levy & Enrico De Giorgi & Thorsten Hens

**Prospect Theory and the CAPM: A contradiction or coexistence?**

*by*Haim Levy & Enrico De Giorgi & Thorsten Hens

**An Application of Evolutionary Finance to Firms Listed in the Swiss Market Index**

*by*Thorsten Hens & Klaus Reiner Schenk-Hoppï¿½ & Martin Stalder

**Excess Demand Functions with Incomplete Markets - A Global Result**

*by*Takeshi Momi

**Market Selection and Survival of Investment Strategies**

*by*Rabah Amir & Igor V. Evstigneev & Thorsten Hens & Klaus Reiner Schenk-Hoppï¿½

**Market Selection of Financial Trading Strategies: Global Stability**

*by*Igor V. Evstigneev & Thorsten Hens & Klaus Reiner Schenk-Hoppï¿½

**Evolution of Portfolio Rules in Incomplete Markets**

*by*Thorsten Hens & Klaus Schenk-Hoppï¿½

**An Extension of Mantel (1976) to Incomplete Markets**

*by*Thorsten Hens

**An Evolutionary Approach to Financial Innovation**

*by*Marc Oliver Bettzuege & Thorsten Hens

**Financial Innovation, Communication and the Theory of the Firm**

*by*Marc Oliver Bettzuege & Thorsten Hens

**Stationary Temporary Equilibrium in a General Model of Optimal Accumulation and Trade**

*by*Manjira Datta

**Discrete-Time Option Pricing with Stochastic Liquidity**

*by*Markus Leippold & Steven Schaerer

**Endogenous completeness of diffusion driven equilibrium markets**

*by*Julien HUGONNIER & Semyon MALAMUD & Eugene TRUBOWITZ

**Incomplete-Market Equilibria Solved Recursively on an Event Tree**

*by*Bernard DUMAS & Andrew LYASOFF

**Strategies of Survival in Dynamic Asset Market Games**

*by*Rabah AMIR & Igor V. EVSTIGNEEV & Le XU

**Asset Market Games of Survival**

*by*Rabah AMIR & Igor V. EVSTIGNEEV & Klaus Reiner SCHENK-HOPPE

**Martingale Representation Theorem for the G-expectation**

*by*Halil Mete SONER & Nizar TOUZI & Jianfeng ZHANG

**Liquidity Models in Continuous and Discrete Time**

*by*Selim GOKAY & Alexandre F. ROCH & Halil Mete SONER

**Stationary Temporary Equilibrium in a General Model of Optimal Accumulation and Trade**

*by*Manjira Datta