Existence of financial equilibria with endogenous short selling restrictions and real assets

Michele Gori, Marina Pireddu () and Antonio Villanacci ()

Decisions in Economics and Finance, 2014, vol. 37, issue 2, 349-371

Abstract: We consider a model with real assets and restricted participation described by household-specific price-dependent short selling constraints. We show existence of equilibria for all elements in an explicitly characterized large subset of the set of economies. Copyright Springer-Verlag Italia 2014

Keywords: General equilibrium; Restricted participation; Financial markets; Real assets; D50; D52; D53 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (6)

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Working Paper: Existence of financial equilibria with endogenous short selling restrictions and real assets (2012)
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DOI: 10.1007/s10203-013-0144-z

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