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Your search keyword '"Competitive completion"' showing total 1 results
Start Over Descriptor "Competitive completion" Journal finance & stochastics
1 results on '"Competitive completion"'

1. Complete and competitive financial markets in a complex world.

Author

Cassese, Gianluca

Subjects
FINANCIAL markets, PROBABILITY measures, MARKETING models, MARKET power, IMPERFECTION
Abstract

We investigate the possibility of completing financial markets in a model with no exogenous probability measure, with market imperfections and with an arbitrary sample space. We also consider whether such an extension may be possible in a competitive environment. Our conclusions highlight the economic role of complexity. [ABSTRACT FROM AUTHOR]

Published
2021
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