Static Imperfect Market Models

摘要: The study of financial equilibrium is concerned with the formulation, qualitative analysis, and computation solutions to problems that consist multiple sectors in an economy, each which can hold instruments seeks determine his optimal portfolio. In addition, are often subject a variety government regulations policy interventions, encounter costs transacting. An appropriate mathematical framework should be sufficiently general enable incorporation alternative interventions for evaluation purposes, theoretically justified, and, at same time, computationally tractable. Finally, theoretical allow eventual empirical testing.