Competition in financial innovation

DOI10.3982/ECTA9837MaRDI QIDQ2859520zbMATH OpenOpenAlexFDO

Authors Andrés Carvajal, Marzena Rostek, Marek Weretka

Publication date 8 November 2013

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3982/ecta9837

zbMATH Keywords

efficiencyinnovationendogenously incomplete markets

Mathematics Subject Classification ID

Derivative securities (option pricing, hedging, etc.) (91G20) Microeconomic theory (price theory and economic markets) (91B24)

Recommendations

• Financial innovation in a general equilibrium model
• Markets for financial innovation
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Cited in

(11)

• Markets for financial innovation
• Equilibrium in risk-sharing games
• Silent financial interests and product innovation
• Information design and capital formation
• Monopolistic security design in finance economies
• Short sales, destruction of resources, welfare
• Generic regularity of differentiated product oligopolies
• Indeterminacy of Cournot-Walras equilibrium with incomplete markets
• Investment and financing in incomplete markets
• Simple innovation of financial asset
• The effect of market power on risk-sharing

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