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Browsing Department of Economics (ECO) by Subject "asymmetric information"
Now showing items 1-2 of 2
Title:Equilibrium Corporate Finance
Author(s):BISIN, Alberto; GOTTARDI, Piero; RUTA, GuidoDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We study a general equilibrium model with production where financial markets are
incomplete. At a competitive equilibrium firms take their production and financial
decisions so as to maximize their value. We show that ...
Title:Markets and Contracts
Author(s):BISIN, Alberto; GEANAKOPOLS, John; GOTTARDI, Piero; MINELLI, Enrico; POLEMARCHAKIS, HeraklesDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Economies with asymmetric information are encompassed by an extension of
the model of general competitive equilibrium that does not require an explicit
modeling of private information. Sellers have discretion over ...