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RDP 2016-07: The Efficiency of Central Clearing: A Segmented Markets Approach
Equation (6)
c
˜
m
,
t
+
p
m
,
t
s
˜
m
,
t
≤
(
p
m
,
t
+
f
m
,
t
)
s
˜
m
,
t
−
1
+
A
˜
m
,
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGabm4yayaaiaWaaSbaaSqaaiaad2gacaGGSaGaamiDaaqabaGccqGHRaWkcaWGWbWaaSbaaSqaaiaad2gacaGGSaGaamiDaaqabaGcceWGZbGbaGaadaWgaaWcbaGaamyBaiaacYcacaWG0baabeaakiabgsMiJoaabmaabaGaamiCamaaBaaaleaacaWGTbGaaiilaiaadshaaeqaaOGaey4kaSIaamOzamaaBaaaleaacaWGTbGaaiilaiaadshaaeqaaaGccaGLOaGaayzkaaGabm4CayaaiaWaaSbaaSqaaiaad2gacaGGSaGaamiDaiabgkHiTiaaigdaaeqaaOGaey4kaSIabmyqayaaiaWaaSbaaSqaaiaad2gacaGGSaGaamiDaaqabaaaaa@57DC@