An Equilibrium Theory of Rationing

an application of equilibrium model for crude oil tanker ships insurance futures in iran

با توجه به تحریم های بین المملی علیه صنعت بیمه ایران امکان استفاده از بازارهای بین المملی بیمه ای برای نفتکش های ایرانی وجود ندارد. از طرفی از آنجایی که یکی از نوآوری های اخیر استفاده از بازارهای مالی به منظور ریسک های فاجعه آمیز می باشد. از اینرو در این پایان نامه سعی شده است با استفاده از این نوآوری ها با طراحی اوراق اختیارات راهی نو جهت بیمه گردن نفت کش های ایرانی ارائه نمود. از آنجایی که بر...

Credit Rationing in Developing Countries: An Overview of the Theory

An Integration of Equilibrium Theory and Turnpike Theory*

This paper indicates one way to link equilibrium theory with capital theory and especially with turnpike theory. I consider a model with finitely many, infinitely lived consumers. Their utility functions are additively separable with respect to time and they discount future utility. There are finitely many, infinitely lived firms. Primary resources are necessary for production and their supply ...

An Equilibrium Theory of Declining Reservation Wages and Learning an Equilibrium Theory of Declining Reservation Wages and Learning *

In this paper we consider learning from search as a mechanism to understand the relationship between unemployment duration and search outcomes as a labor market equilibrium. We rely on the assumption that workers do not have precise knowledge of their job finding probabilities and therefore, learn about them from their search histories. Embedding this assumption in a model of the labor market w...

A Theory and Test of Credit Rationing: Comment