Search Results - subject:"Analytic transition density"

Existence of Financial Equilibria in Continuous Time with Potentially Complete Markets

Riedel, Frank; Herzberg, Frederik - Institut für Mathematische Wirtschaftsforschung, … - 2013

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

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

Existence of financial equilibria in continuous time with potentially complete markets

Riedel, Frank; Herzberg, Frederik - 2010

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

Persistent link: https://www.econbiz.de/10010285419