## 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

**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

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

*by*Lionel De Boisdeffre

**Speculative Bubble Burst**

*by*Hye-jin Cho

**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

**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

**Credit Default Swaps and Debt Contracts : Spillovers and Extensive Default Premium Choice**

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

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

*by*Rigas OIKONOMOU

**Risk-Sharing in Village Economies Revisited**

*by*Bold, Tessa & Broer, Tobias

**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

**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

**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

**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

**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

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

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

**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

**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

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**The relevance of extrinsic uncertainty**

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

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

*by*Hervé Crès

**Asset Market Structure and Growth**

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**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**

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

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**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**

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

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

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**Capital income taxation when markets are incomplete**

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

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

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

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**Enforcement of Contracts when Markets are Incomplete**

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

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

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

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

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

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**Ambiguity Aversion and Incompleteness of Financial Markets**

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**Ambiguity Aversion and Incompleteness of Financial Markets**

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**Incomplete Markets and Volatility**

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**Precautionary Savings in Incomplete Financial Markets**

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

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**Utility based pricing of contingent claims**

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

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

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**Intertemporal Choice and Consumption Mobility**

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**Consumption Insurance or Consumption Mobility?**

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

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**Financial Innovation and Price Volatility**

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

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

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**Option Pricing with Discrete Rebalancing**

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**Insider Trading, Investment and Liquidity**

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**Consumption Insurance or Consumption Mobility**

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**Arbitrage and equilibrium with exchangeable risks**

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

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

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

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

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

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

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

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

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

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

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

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

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**Assets, human capital, and growth**

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

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

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

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

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

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**Pareto improving financial innovation in incomplete markets**

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

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**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**

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**Hedging American contingent claims with constrained portfolios**

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**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**

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

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**Heterogeneous Information Arrival and Option Pricing**

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

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**Asset Markets and Investment Decisions**

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

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**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**

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

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**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**

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**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**

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**Can Irrelevant Product Differentiation Matter ?**

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**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**

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**Prices, Asset Markets and Indeterminacy**

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

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

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**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**

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**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

**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**

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**Asset Market Games of Survival**

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**Martingale Representation Theorem for the G-expectation**

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**Liquidity Models in Continuous and Discrete Time**

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**Stationary Temporary Equilibrium in a General Model of Optimal Accumulation and Trade**

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