Existence of Financial Equilibria in Continuous Time with Potentially Complete Markets

We prove that in smooth Markovian continuous-time economies with potentially complete asset markets, Radner equilibria with endogenously complete markets exist.

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Year of publication:	2013-01
Authors:	Riedel, Frank ; Herzberg, Frederik
Institutions:	Institut für Mathematische Wirtschaftsforschung, Universität Bielefeld
Subject:	Potentially complete market \| Continuous-time financial market \| Radner equilibrium \| Itô diffusion \| Analytic transition density

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 443 18 pages
Classification:	D52 - Incomplete Markets ; D53 - Financial Markets ; G12 - Asset Pricing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008764998