Endogenous formation of security exchanges

DOI10.1007/S00199-016-0989-9MaRDI QIDQ2403451zbMATH OpenOpenAlexFDO

Authors Marta Faias, Jaime Luque

Publication date 8 September 2017

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-016-0989-9

zbMATH Keywords

equilibriumrisk sharingclub theorysecurity pricesendogenous securities exchange structuremembership prices

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50) Public goods (91B18)

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• Clubs and the Market
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Cites work

• A Tiebout theorem
• Approximate equilibrium in pure strategies for a two-stage game of asset creation
• Clubs and the market: Large finite economies
• Competition among exchanges
• Competitive equilibria of economies with a continuum of consumers and aggregate shocks
• Core and periphery in networks
• Discontinuous Games and Endogenous Sharing Rules
• Efficient dark markets
• Equilibria, the core, and jurisdiction structures in economies with a local public good
• Equilibrium in a finite local public goods economy
• Equivalence of Lindahl equilibrium with participation prices and the core
• Income Taxes and the Provision of Public Goods: Existence of an Optimum
• Infinite dimensional analysis. A hitchhiker's guide.
• Monopolistic behaviors and general equilibrium: A generalization of Nikaido's work
• On the finiteness of the number of critical equilibria, with an application to random selections
• Price competition, quality and income disparities
• Price taking equilibrium in economies with multiple memberships in clubs and unbounded club sizes
• Quasi-Cores in a Monetary Economy with Nonconvex Preferences
• Randomization and the limit points of monopolistic competition
• Real indeterminacy of equilibria and manipulability
• Securities market theory: possession, repo and rehypothecation
• The Tiebout Hypothesis: Near Optimality in Local Public Good Economies
• The epsilon core of a large replica game
• The structure of financial equilibrium with exogenous yields. The case of restricted participation
• Valuation equilibrium with clubs

Cited in

(3)

• Cross-listed securities and multiple exchange memberships: demand differentiability and equilibrium existence
• Efficiency and stability in a process of teams formation
• On the nonemptiness of approximate cores of large games

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