A Market-Based Solution for Fire Sales and Other Pecuniary Externalities

In economies with a continuum of agents different types, pecuniary externalities are removed market exchanges. Agents choose from among various possible prices they want to prevail in the future and buy or sell rights these exchanges for trade. Each agent can exchange it wants without regard what any other is doing. But crucially, right trade each every priced. The fee structure has per-unit price quantity decomposition: price, as determined by chosen, times acquired.