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The effects of moral hazard on asset prices when financial markets are complete
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Cited by:
- Bruno Biais & Florian Heider & Marie Hoerova, 2021.
"Variation Margins, Fire Sales, and Information-constrained Optimality [Leverage, Moral Hazard, and Liquidity],"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(6), pages 2654-2686.
- Biais, Bruno & Heider, Florian & Hoerova, Marie, 2018. "Variation margins, fire sales, and information-constrained optimality," Working Paper Series 2191, European Central Bank.
- Biais, Bruno & Heider, Florian & Hoerova, Marie, 2022. "Variation margins, fire-sales and information-constrained optimality," TSE Working Papers 126554, Toulouse School of Economics (TSE).
- Bruno Biais & Florian Heider & Marie Hoerova, 2021. "Variation margins, fire-sales and information-constrained optimality," Post-Print hal-03546710, HAL.
- Heider, Florian & Biais, Bruno & Hoerova, Marie, 2018. "Variation margins, fire sales, and information-constrained optimality," CEPR Discussion Papers 13192, C.E.P.R. Discussion Papers.
- Wolf Wagner, 2010. "Divestment, Entrepreneurial Incentives, and the Life Cycle of the Firm," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 37(5-6), pages 591-611.
- Mikhail Golosov & Narayana Kocherlakota & Aleh Tsyvinski, 2003.
"Optimal Indirect and Capital Taxation,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(3), pages 569-587.
- Mikhail Golosov & Narayana R. Kocherlakota & Aleh Tsyvinski, 2001. "Optimal indirect and capital taxation," Working Papers 615, Federal Reserve Bank of Minneapolis.
- Mikhail Golosov & Narayana Kocherlakota & Aleh Tsyvinski, 2002. "Optimal Indirect and Capital Taxation," NajEcon Working Paper Reviews 391749000000000449, www.najecon.org.
- Mikhail Golosov & Narayana Kocherlakota & Aleh Tsyvinski, 2002. "Optimal Indirect and Capital Taxation," Levine's Working Paper Archive 391749000000000449, David K. Levine.
- Mikhail Golosov & Narayana R. Kocherlakota & Aleh Tsyvinski, 2001. "Optimal indirect and capital taxation," Staff Report 293, Federal Reserve Bank of Minneapolis.
- Narayana Kocherlakota & Luigi Pistaferri, 2009.
"Asset Pricing Implications of Pareto Optimality with Private Information,"
Journal of Political Economy, University of Chicago Press, vol. 117(3), pages 555-590, June.
- Narayana R. Kocherlakota & Luigi Pistaferri, 2004. "Asset Pricing Implications of Pareto Optimality with Private Information," Levine's Bibliography 122247000000000508, UCLA Department of Economics.
- Narayana R Kocherlakota & Luigi Pistaferri, 2005. "Asset Pricing Implications of Pareto Optimality with Private Information," Levine's Bibliography 784828000000000507, UCLA Department of Economics.
- Narayana R. Kocherlakota & Luigi Pistaferri, 2007. "Asset Pricing Implications of Pareto Optimality with Private Information," Levine's Bibliography 321307000000000701, UCLA Department of Economics.
- Pistaferri, Luigi & Kocherlakota, Narayana, 2005. "Asset Pricing Implications of Pareto Optimality with Private Information," CEPR Discussion Papers 4930, C.E.P.R. Discussion Papers.
- Kocherlakota, Narayana R. & Pistaferri, Luigi, 2005. "Asset pricing implications of Pareto optimality with private information," Discussion Paper Series 1: Economic Studies 2005,29, Deutsche Bundesbank.
- Laurence Ales & Maziero Pricila, "undated".
"Accounting for Private Information,"
GSIA Working Papers
2010-E58, Carnegie Mellon University, Tepper School of Business.
- Laurence Ales & Pricila Maziero, 2008. "Accounting for private information," Working Papers 663, Federal Reserve Bank of Minneapolis.
- Laurence Ales & Pricila Maziero, 2007. "Accounting for private information," 2007 Meeting Papers 804, Society for Economic Dynamics.
- Gorton, Gary B. & He, Ping & Huang, Lixin, 2014.
"Agency-based asset pricing,"
Journal of Economic Theory, Elsevier, vol. 149(C), pages 311-349.
- Gary Gorton & Ping He, 2006. "Agency-Based Asset Pricing," NBER Working Papers 12084, National Bureau of Economic Research, Inc.
- Branko Urosevic, 2001. "Moral hazard and dynamics of insider ownership stakes," Economics Working Papers 787, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2004.
- Michael Magill & Martine Quinzii, 2009.
"The probability approach to general equilibrium with production,"
Economic Theory,
Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(1), pages 1-41, April.
- Martine Quinzii & Michael Magill, 2007. "The Probability Approach To General Equilibrium With Production," Working Papers 83, University of California, Davis, Department of Economics.
- Alberto Bisin & Piero Gottardi, 2006.
"Efficient Competitive Equilibria with Adverse Selection,"
Journal of Political Economy, University of Chicago Press, vol. 114(3), pages 485-516, June.
- Alberto Bisin & Piero Gottardi, 2005. "Efficient Competitive Equilibria with Adverse Selection," CESifo Working Paper Series 1504, CESifo.
- Hellwig, Martin F., 2005.
"Nonlinear incentive provision in Walrasian markets: a Cournot convergence approach,"
Journal of Economic Theory, Elsevier, vol. 120(1), pages 1-38, January.
- Martin Hellwig, 2004. "Nonlinear Incentive Provision in Walrasian Markets: A Cournot Convergence Approach," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2004_8, Max Planck Institute for Research on Collective Goods.
- Banerji, Sanjay & Basu, Parantap, 2015. "Borrower's moral hazard, risk premium, and welfare: A comparison of universal and stand-alone banking systems," The Journal of Economic Asymmetries, Elsevier, vol. 12(1), pages 61-72.
- Xiaojun Zhao, 2015. "Optimal Income Taxations with Information Asymmetry: The Lagrange Multiplier Approach," Annals of Economics and Finance, Society for AEF, vol. 16(1), pages 199-229, May.
- Luca, PANACCIONE, 2006.
"Inefficiency of competitive equilibrium with hidden action and financial markets,"
Discussion Papers (ECON - Département des Sciences Economiques)
2006049, Université catholique de Louvain, Département des Sciences Economiques.
- PANACCIONE, Luca, 2006. "Inefficiency of competitive equilibrium with hidden action and financial markets," LIDAM Discussion Papers CORE 2006096, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Magill, Michael & Quinzii, Martine, 2008.
"Normative properties of stock market equilibrium with moral hazard,"
Journal of Mathematical Economics,
Elsevier, vol. 44(7-8), pages 785-806, July.
- Martine Quinzii & Michael Magill, 1899. "Normative Properties Of Stock Market Equilibrium With Moral Hazard," Working Papers 82, University of California, Davis, Department of Economics.
- Bianconi, Marcelo, 2003.
"Private information, growth, and asset prices with stochastic disturbances,"
International Review of Economics & Finance, Elsevier, vol. 12(1), pages 1-24.
- Marcelo Bianconi, 2003. "Private Information, Growth and Asset Prices with Stochastic Disturbances," Discussion Papers Series, Department of Economics, Tufts University 0301, Department of Economics, Tufts University.
- Calcagno, R. & Wagner, W.B., 2003. "The Inefficiency of the Stock Market Equilibrium under Moral Hazard," Other publications TiSEM 373f263e-04ad-4f4c-9654-7, Tilburg University, School of Economics and Management.
- Bisin, A. & Geanakoplos, J.D. & Gottardi, P. & Minelli, E. & Polemarchakis, H., 2011.
"Markets and contracts,"
Journal of Mathematical Economics, Elsevier, vol. 47(3), pages 279-288.
- Alberto Bisin & John Geanakoplos & Piero Gottardi & Enrico Minelli & Heracles Polemarchakis, 2009. "Markets and Contracts," Working Papers 0915, University of Brescia, Department of Economics.
- Alberto Bisin & John Geanakoplos & Piero Gottardi & Enrico Minelli & Herakles Polemarchakis, 2010. "Markets and contracts," Economics Working Papers ECO2010/29, European University Institute.
- Michael Magill & Martine Quinzii, 2009.
"The probability approach to general equilibrium with production,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(1), pages 1-41, April.
- Martine Quinzii & Michael Magill, 2007. "The Probability Approach To General Equilibrium With Production," Working Papers 80, University of California, Davis, Department of Economics.
- Michael Magill & Martine Quinzii, 2005.
"An Equilibrium Model of Managerial Compensation,"
IEPR Working Papers
05.22, Institute of Economic Policy Research (IEPR).
- Martine Quinzii & Michael Magill, 2005. "An Equilibrium Model of Managerial Compensation," Working Papers 53, University of California, Davis, Department of Economics.
- Wagner, W.B., 2000. "Decentralized International Risk Sharing and Governmental Moral Hazard," Discussion Paper 2000-92, Tilburg University, Center for Economic Research.
- Bloise, Gaetano & Reichlin, Pietro, 2005. "Risk and intermediation in a dual financial market economy," Research in Economics, Elsevier, vol. 59(3), pages 257-279, September.
- Sanjay Banerjee & Parantap Basu, 2005. "Uninsured Risks, Loan Contracts and the Declining Equity Premium," CDMA Conference Paper Series 0502, Centre for Dynamic Macroeconomic Analysis.
- Magill, Michael & Quinzii, Martine, 2008.
"Normative properties of stock market equilibrium with moral hazard,"
Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 785-806, July.
- Martine Quinzii & Michael Magill, 1899. "Normative Properties Of Stock Market Equilibrium With Moral Hazard," Working Papers 79, University of California, Davis, Department of Economics.
- Magill, Michael & Quinzii, Martine, 2002. "Capital market equilibrium with moral hazard," Journal of Mathematical Economics, Elsevier, vol. 38(1-2), pages 149-190, September.
- Wolf Wagner, 2010. "Divestment, Entrepreneurial Incentives, and the Life Cycle of the Firm," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 37(5‐6), pages 591-611, June.
- Calcagno, Riccardo & Wagner, Wolf, 2006. "Dispersed initial ownership and the efficiency of the stock market under moral hazard," Journal of Mathematical Economics, Elsevier, vol. 42(1), pages 36-45, February.