Skip to content
RDP 2016-07: The Efficiency of Central Clearing: A Segmented Markets Approach
Equation (9)
D
(
y
m
,
t
)
=
{
1
if
y
m
,
t
<
y
l
o
w
e
r
0
otherwise
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiramaabmaabaGaamyEamaaBaaaleaacaWGTbGaaiilaiaadshaaeqaaaGccaGLOaGaayzkaaGaeyypa0ZaaiqaaeaafaqaaeGacaaabaGaaGymaaqaaiaabMgacaqGMbGaaGPaVlaadMhadaWgaaWcbaGaamyBaiaacYcacaWG0baabeaakiabgYda8iaadMhadaahaaWcbeqaaiaadYgacaWGVbGaam4DaiaadwgacaWGYbaaaaGcbaGaaGimaaqaaiaab+gacaqG0bGaaeiAaiaabwgacaqGYbGaae4DaiaabMgacaqGZbGaaeyzaaaaaiaawUhaaaaa@5658@