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Existence of financial equilibria with endogenous short selling restrictions and real assets |
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| Authors: | Michele Gori Marina Pireddu Antonio Villanacci |
| Affiliation: | 1. Dipartimento di Scienze per l’Economia e l’Impresa, Università degli Studi di Firenze, via delle Pandette 9, 50127, Firenze, Italy 2. Dipartimento di Matematica e Applicazioni, Università degli Studi di Milano-Bicocca, via Cozzi 53, 20125, Milano, Italy |
| Abstract: | We consider a model with real assets and restricted participation described by household-specific price-dependent short selling constraints. We show existence of equilibria for all elements in an explicitly characterized large subset of the set of economies. |
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