Financial markets with endogenous transaction costs

被引：0

作者：

V. Filipe Martins-da-Rocha

Yiannis Vailakis

机构：

[1] Getulio Vargas Foundation,Graduate School of Economics

[2] University of Exeter Business School,Department of Economics

来源：

Economic Theory | 2010年 / 45卷

关键词：

Competitive equilibrium; Incomplete markets; Endogenous transaction costs; D23; D41; D52;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

The paper proposes an alternative general equilibrium formulation of financial asset economies with transaction costs. Transaction costs emerge endogenously at equilibrium and reflect agents’ decisions of intermediating financial activities at the expense of providing labor services.

引用

页码：65 / 97

页数：32

共 50 条

[21] BORROWER TRANSACTION COSTS AND CREDIT RATIONING IN RURAL FINANCIAL-MARKETS - THE PHILIPPINE CASE
DEGUIAABIAD, V
[J]. DEVELOPING ECONOMIES, 1993, 31 (02): : 208 - 219
[22] A simulation of water markets with transaction costs
Wang, Yahua
[J]. AGRICULTURAL WATER MANAGEMENT, 2012, 103 : 54 - 61
[23] Universal investment in markets with transaction costs
Iyengar, G
[J]. MATHEMATICAL FINANCE, 2005, 15 (02) : 359 - 371
[24] BINARY MARKETS UNDER TRANSACTION COSTS
Cordero, Fernando
Klein, Irene
Perez-Ostafe, Lavinia
[J]. INTERNATIONAL JOURNAL OF THEORETICAL AND APPLIED FINANCE, 2014, 17 (05)
[25] Simulating water markets with transaction costs
Erfani, Tohid
Binions, Olga
Harou, Julien J.
[J]. WATER RESOURCES RESEARCH, 2014, 50 (06) : 4726 - 4745
[26] The endogenous transaction costs of delegated auditing
Faure-Grimaud, A
Laffont, JJ
Martimort, D
[J]. EUROPEAN ECONOMIC REVIEW, 1999, 43 (4-6) : 1039 - 1048
[27] Securities transaction taxes and financial markets
Habermeier, K
Kirilenko, AA
[J]. IMF STAFF PAPERS, 2003, 50 : 165 - 180
[28] Securities Transaction Taxes and Financial Markets
Karl Habermeier
Andrei A. Kirilenko
[J]. IMF Staff Papers, 2003, 50 (Suppl 1): : 165 - 180
[29] Liquidity risk, transaction costs and financial closedness: lessons from the Iranian and Turkish stock markets
Alizadeh, Sedighe
Tash, Mohammad Nabi Shahiki
Dreyer, Johannes Kabderian
[J]. REVIEW OF ACCOUNTING AND FINANCE, 2021, 20 (01) : 84 - 102
[30] INTERTEMPORAL CONSUMPTION CHOICES, TRANSACTION COSTS AND LIMITED PARTICIPATION IN FINANCIAL MARKETS: RECONCILING DATA AND THEORY
Attanasio, Orazio P.
Paiella, Monica
[J]. JOURNAL OF APPLIED ECONOMETRICS, 2011, 26 (02) : 322 - 343

← 1 2 3 4 5 →