We develop a majorization-based tool to compare financial networks with a focus on the implications of liability concentration. Specifically, we quantify liability concentration by applying the…
Abstract:
A general discrete-time framework for deriving equilibrium prices of financial assets is
proposed. It allows for heterogenous agents, unspanned random endowments and convex
trading…
Christina Aperjis (HP Laboratories)
Friday, February 10 at 2:15pm
Frank H.T. Rhodes Hall, 253
In a world of imperfect information, reputations often guide the sequential decisions to trust and to…
Corinna E. Loeckenhoff, Cornell University October 3, 2013 The conference aimed to close the gap between two burgeoning fields of research at the intersection of aging, emotion, and health. On the…