An overview of some recent progress in incomplete-market equilibria
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Fri, 04/06/2010 14:15 |
Gordan Zitkovic (UT Austin) |
Nomura Seminar  |
DH 1st floor SR |
| In addition to existence, the excess-demand approach allows us to establish uniqueness and provide efficient computational algorithms for various complete- and incomplete-market stochastic financial equilibria. A particular attention will be paid to the case when the agents exhibit constant absolute risk aversion. An overview of recent results (including those jointly obtained with M. Anthropelos and with Y. Zhao) will be given. | |||