Institutions and Financial Markets

dc.contributor.advisor Joydeep Bhattacharya
dc.contributor.advisor Ananda Weerasinghe
dc.contributor.author Basu, Ranojoy
dc.contributor.department Department of Economics (LAS)
dc.date 2018-08-11T12:44:03.000
dc.date.accessioned 2020-06-30T02:43:38Z
dc.date.available 2020-06-30T02:43:38Z
dc.date.copyright Sun Jan 01 00:00:00 UTC 2012
dc.date.embargo 2013-06-05
dc.date.issued 2012-01-01
dc.description.abstract <p>My thesis deals with Institutions and Financial markets. In chapter 2, of my thesis the role of government in achieving technological progress in an insecure property rights environment is discussed. In such a setting, it is shown that publicly-funded protection of private property rights may successfully support the adoption of frontier technologies as Nash equilibrium which is not possible otherwise.In chapter 3, I study an investment problem faced by a risk averse investor who has the option to invest in a risk free asset (such as a bank account ) and a risky asset. The wealth can be transferred between the two assets and there are no transaction costs.The objective is to find an optimal quitting time from the stock market which maximizes the expected discounted utility from terminal wealth. I show the optimal stopping time is of threshold type. Finally in Chapter 4, I discuss numerical results in the context of chapter 3 and future research topics.</p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/etd/12573/
dc.identifier.articleid 3580
dc.identifier.contextkey 4186306
dc.identifier.doi https://doi.org/10.31274/etd-180810-150
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath etd/12573
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/26762
dc.language.iso en
dc.source.bitstream archive/lib.dr.iastate.edu/etd/12573/Basu_iastate_0097E_12799.pdf|||Fri Jan 14 19:24:40 UTC 2022
dc.subject.disciplines Economic Theory
dc.title Institutions and Financial Markets
dc.type dissertation
dc.type.genre dissertation
dspace.entity.type Publication
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
thesis.degree.level dissertation
thesis.degree.name Doctor of Philosophy
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