منابع مشابه
Dislocation equilibrium conditions revisited
If there is an equilibrium arrangement of a given collection of dislocations, each having a fixed size and shape, in an externally loaded or unloaded elastic body, the corresponding potential energy will be stationary with respect to infinitesimal perturbations of the dislocation positions. This leads to the dislocation equilibrium conditions: the Peach– Koehler forces along the dislocation lin...
متن کاملEquilibrium Bank Runs Revisited
In a Diamond and Dybvig (1983) environment, Green and Lin (2003) take a mechanism design approach and show that a bank run equilibrium cannot exist. Peck and Shell (2003) generalize their economic environment and show that it can. The bank run, however, does not emerge because of modifications to the economic environment but rather because the mechanism that implements allocations is not an opt...
متن کاملViability and Equilibrium in Securities Markets with Frictions
In this paper we study some foundational issues in the theory of asset pricing with market frictions. We model market frictions by letting the set of marketed contingent claims (the opportunity set) be a convex set, and the pricing rule at which these claims are available be convex. This is the reduced form of multiperiod securities price models incorporating a large class of market frictions. ...
متن کاملThe Nash Equilibrium Revisited: Chaos and Complexity Hidden in Simplicity
1 The author gratefully acknowledges the assistance of the Santa Fe Institute in providing the materials from which the majority of this paper has been drawn. In particular, thanks are due to Thomas Kepler, Vice President for Academic Affairs and J. Doyne Farmer, whose theoretical breakthroughs and continuing efforts to bridge the disciplinary gap between physics and finance have helped to make...
متن کاملThe cYclical behavior of eqUilibriUm UnemPloYmenT and vacancieS reviSiTed
Recently, a number of authors have argued that the standard search model cannot generate the observed business-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We propose a new calibration strategy of the standard model that uses data on the cost of vacancy creation and cyclicality of wages to identify the two key parameters the value of non...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2000
ISSN: 1556-5068
DOI: 10.2139/ssrn.186849