Centralized clearing mechanisms: A programming approach
We consider financial networks where agents are linked to each other by financial contracts. A centralized clearing mechanism collects the initial endowments, the liabilities and the division rules of the agents and determines the payments to be made. A division rule specifies how the assets of the...
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| Format: | Article |
| Language: | English |
| Published: |
Society for the Promotion of Mechanism and Institution Design
2022-12-01
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| Series: | Journal of Mechanism and Institution Design |
| Subjects: | |
| Online Access: |
http://www.mechanism-design.org/arch/v007-1/p_02.pdf
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