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:	2010
Authors:	Riedel, Frank ; Herzberg, Frederik
Publisher:	Bielefeld : Bielefeld University, Institute of Mathematical Economics (IMW)
Subject:	Kapitalmarkttheorie \| Gleichgewicht \| Stochastischer Prozess \| Unvollkommener Markt \| Theorie \| Potentially complete market \| Continuous-time financial \| market \| Radner equilibrium \| Itô diffusion \| Analytic transition density

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Series:	Working Papers ; 443
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	641920628 [GVK] hdl:10419/43800 [Handle]
Classification:	D52 - Incomplete Markets ; D53 - Financial Markets ; G12 - Asset Pricing
Source:	EconStor

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