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Existence of Financial Equilibria in Continuous Time with Potentially Complete Markets

Authors :
Herzberg, Frederik
Riedel, Frank
Publication Year :
2012

Abstract

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

Subjects

Subjects :
Quantitative Finance - General Finance

Details

Database :
arXiv
Publication Type :
Report
Accession number :
edsarx.1207.2010
Document Type :
Working Paper

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