Price Uncertainty and Price-Contingent Securities
收藏NBER2017-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23723
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资源简介：
I extend the classical general equilibrium treatment of uncertainty about exogenous states of nature to uncertainty about prices. Traders do not know the prices at which markets will clear but have expectations over possible prices. They trade price-contingent securities (derivatives) to insure
提供机构：
美国国家经济研究局
创建时间：
2017-08-01
