Showing 1 - 1 of 1
In this paper we generalize Magill and Shafer's analysis of generically complete markets in the presence of an open-ended horizon. Until now, the genericity argument in Duffie and Shafer has no satisfactory generalisation to the case of an open ended horizon. These difficulties are threefold:...
Persistent link: https://www.econbiz.de/10005630738