General equilibrium, preferences and financial institutions after the crisis

DOI10.1007/S00199-014-0840-0MaRDI QIDQ2256987zbMATH OpenOpenAlexFDO

Authors Aloisio Araujo

Publication date 23 February 2015

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-014-0840-0

zbMATH Keywords

collateralfinancial crisisgeneral equilibriuminstitutionspreferenceswariness

Mathematics Subject Classification ID

Research exposition (monographs, survey articles) pertaining to game theory, economics, and finance (91-02) Decision theory (91B06) Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50) Actuarial science and mathematical finance (91G99)

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Cites work

• A Smooth Model of Decision Making under Ambiguity
• Ambiguity Aversion, Robustness, and the Variational Representation of Preferences
• An axiomatic approach to complete patience and time invariance
• Asset price bubbles in Arrow-Debreu and sequential equilibrium
• Bubbles and Charges
• Default and Punishment in General Equilibrium1
• Expectation and Variation in Multi-Period Decisions
• Expected utility theory without the completeness axiom.
• General equilibrium, wariness and efficient bubbles
• scientific article; zbMATH DE number 920136 (Why is no real title available?)
• Implementing Arrow-Debreu equilibria by trading infinitely-lived securities
• Incomplete markets over an infinite horizon: Long-lived securities and speculative bubbles
• Injecting rational bubbles
• Maxmin expected utility with non-unique prior
• Optimal risk-sharing rules and equilibria with Choquet-expected-utility.
• Pricing rules and Arrow-Debreu ambiguous valuation
• Rational Asset Pricing Bubbles
• Regulating collateral-requirements when markets are incomplete
• Risk Exchange with Distorted Probabilities
• Self-Fulfilling Debt Crises
• Subjective Probability and Expected Utility without Additivity

Cited in

(5)

• Equilibrium efficiency with secured and unsecured assets
• Collateralized borrowing and increasing risk
• General equilibrium, wariness and efficient bubbles
• Effects of wariness on economic growth in overlapping generations models
• The productivity cost of sovereign default: evidence from the European debt crisis

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