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depocen@depocen.org
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024 39351419
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024 39351418
Stefano Bosi
Equilibrium existence in the international asset and good markets
Xuất bản: 27 July, 2022
The international asset pricing models are mostly developed in the case of parity failure (investors of di?erent countries do not agree on the expected returns on securities). In this case, an equilibrium in the international asset markets may exist,...
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View abstractOn existence, efficiency and bubbles of Ramsey equilibrium with borrowing constraints
Xuất bản: 27 July, 2022
We address the fundamental issues of existence and efficiency of an equilibrium in a Ramsey model with many agents, where agents have heterogenous discounting, elastic labor supply and face borrowing constraints. The existence of rational bubbles is also...
On the existence, efficiency and bubbles of a Ramsey equilibrium with endogenous labor supply and borrowing...
Xuất bản: 27 July, 2022
In this paper, we study the existence of an intertemporal equilibrium in a Ramsey model with heterogenous discounting, elastic labor supply and borrowing constraints. Applying a fixed-point argument by Gale and Mas-Colell (1975), we prove the existence...
On the Existence of a Ramsey Equilibrium with Endogenous Labor Supply and Borrowing Constraints
Xuất bản: 27 July, 2022
In this paper, we study the existence of an intertemporal equilibrium in a Ramsey model with heterogenous discounting, elastic labor supply and borrowing constraints. Applying a fixed-point argument by Gale and Mas-Colell (1975), we prove the existence...