Conic Economics

dc.contributor.advisorMadan, Dilipen_US
dc.contributor.authorRaissi, Maziaren_US
dc.contributor.departmentApplied Mathematics and Scientific Computationen_US
dc.contributor.publisherDigital Repository at the University of Marylanden_US
dc.contributor.publisherUniversity of Maryland (College Park, Md.)en_US
dc.date.accessioned2017-01-24T06:40:08Z
dc.date.available2017-01-24T06:40:08Z
dc.date.issued2016en_US
dc.description.abstractModern general equilibria under uncertainty are modeled based on the recognition that all risks cannot be eliminated, perfect hedging is not possible, and some risk exposures must be tolerated. Therefore, we need to define the set of acceptable risks as a primitive of the financial economy. This set will be a cone, hence the word conic. Such a conic perspective challenges classical economics by introducing finance into the economic models and enables us to rewrite major chapters of classical micro- and macro-economics textbooks.en_US
dc.identifierhttps://doi.org/10.13016/M2753P
dc.identifier.urihttp://hdl.handle.net/1903/18973
dc.language.isoenen_US
dc.subject.pqcontrolledEconomicsen_US
dc.subject.pqcontrolledFinanceen_US
dc.subject.pqcontrolledApplied mathematicsen_US
dc.subject.pquncontrolledAsset Pricingen_US
dc.subject.pquncontrolledEquity Premium Puzzleen_US
dc.subject.pquncontrolledFinancial Crisisen_US
dc.subject.pquncontrolledGeneral Equilibriumen_US
dc.subject.pquncontrolledReal Business Cycle Modelen_US
dc.subject.pquncontrolledUncertainty Aversionen_US
dc.titleConic Economicsen_US
dc.typeDissertationen_US

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