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RDP 2016-07: The Efficiency of Central Clearing: A Segmented Markets Approach
Equation (10)
D
˜
(
y
m
,
t
)
=
{
1
if
y
m
,
t
>
y
u
p
p
e
r
0
otherwise
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGabmirayaaiaWaaeWaaeaacaWG5bWaaSbaaSqaaiaad2gacaGGSaGaamiDaaqabaaakiaawIcacaGLPaaacqGH9aqpdaGabaqaauaabaqaciaaaeaacaaIXaaabaGaaeyAaiaabAgacaaMc8UaamyEamaaBaaaleaacaWGTbGaaiilaiaadshaaeqaaOGaeyOpa4JaamyEamaaCaaaleqabaGaamyDaiaadchacaWGWbGaamyzaiaadkhaaaaakeaacaaIWaaabaGaae4BaiaabshacaqGObGaaeyzaiaabkhacaqG3bGaaeyAaiaabohacaqGLbaaaaGaay5Eaaaaaa@566E@