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Filtering by: Creator Hao Sun Resource type Dissertation

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Essays on Heterogeneous Beliefs in Financial Markets

Description:

In this thesis, I investigate how the disagreements among market participants can affect markets in various settings. In the first chapter, I study how market participants with heterogeneous beliefs and non-commitment can create and manage counterparty risk in a sequentially and bilaterally traded market. I find that the equilibrium price...

Keyword:

Counterparty Risk, Bubble, Asynchronized Trading, Central Clearing, Derivatives, and Heterogeneous Beliefs

Subject:

Finance

Creator:

Hao Sun

Owner:

Scholarly Digital Publishing

Date Uploaded:

10/14/2019

Date Modified:

10/14/2019

Resource Type:

Dissertation