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Endogenous
State
Prices
, Liquidity, Default, and the Yield Curve
Espinoza, Raphael A.
;
Tsomocos, Dimitrios P
-
Department of Economics, Oxford University
-
2007
We show, in an exchange economy with default, liquidity constraints and no aggregate uncertainty, that
state
prices
in …
Persistent link: https://www.econbiz.de/10010661415
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