کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
840714 908490 2012 20 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Variational formulation for a general dynamic financial equilibrium problem: Balance law and liability formula
موضوعات مرتبط
مهندسی و علوم پایه سایر رشته های مهندسی مهندسی (عمومی)
پیش نمایش صفحه اول مقاله
Variational formulation for a general dynamic financial equilibrium problem: Balance law and liability formula
چکیده انگلیسی

An evolutionary model for a multi-sector, multi-instrument financial equilibrium problem, with a general utility function, different prices for assets and liabilities and including the expenses for the management of the financial institutions is presented. In this general case, we give the evolutionary financial equilibrium conditions and prove their equivalence with an evolutionary variational inequality, from which existence results of the financial equilibrium follow. Moreover, making use of new nonlinear analysis results, we develop a Lagrange theory which allows one to study the behaviour of the financial equilibrium by means of the Lagrange multipliers. As a product of this analysis, we prove that for the financial model an equilibrium law together with a liability formula must be fulfilled, from which the reorganization of the existing financial disequilibrium depends.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Nonlinear Analysis: Theory, Methods & Applications - Volume 75, Issue 3, February 2012, Pages 1104–1123
نویسندگان
, , ,