Endogenous Transaction Costs
Data(s) |
28/10/2008
23/09/2010
28/10/2008
23/09/2010
28/10/2008
|
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Resumo |
The paper proposes an alternative general equilibrium formulation of financial asset economies with transactions costs. Transaction costs emerge endogenously at equilibrium and reflect agents decisions of intermediating financial activities at the expense of providing labor services. An equilibrium is shown to exist in the case of real asset structures. |
Identificador | |
Idioma(s) |
en_US |
Publicador |
Escola de Pós-Graduação em Economia da FGV |
Relação |
Ensaios Econômicos;680 |
Palavras-Chave | #Competitive equilibrium #Incomplete markets #Endogenous transaction costs #Concorrência |
Tipo |
Working Paper |