A Market Based Solution for Fire Sales and Other Pecuniary Externalities
收藏NBER2016-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22056
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资源简介：
We show how bundling, exclusivity and additional markets internalize fire sale and other pecuniary externalities. Ex ante competition can achieve a constrained efficient allocation. The solution can be put rather simply: create segregated market exchanges which specify prices in advance and price
提供机构：
美国国家经济研究局
创建时间：
2016-03-01
