有做市商的场外交易市场的均衡状态

ERN: Other Econometric Modeling: Capital Markets - Asset Pricing (Topic) Pub Date : 2016-10-24 DOI:10.2139/ssrn.2858448

N. Ndouné, Paul Samuel Njiki Njiki

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引用次数: 0

摘要

我们证明了具有多种资产(有做市商或没有做市商)的场外交易市场模型具有独特的稳态。我们的证明是基于Rhon版本的Miranda定理，它是中间值定理的推广。此外，我们还提供了一种计算该稳态的方法。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Equilibrium States in OTC Markets with Market Makers

We show that OTC markets model with several assets (with market makers or not) have a unique steady state. Our proof is based on Rhon’s version of Miranda’s theorem which is a generalization of the intermediate value theorem. In addition, we provide a method for computing this steady state.

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ERN: Other Econometric Modeling: Capital Markets - Asset Pricing (Topic)

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