Risk sharing and retrading in incomplete markets

DOI10.1007/S00199-012-0717-ZzbMath1280.91113OpenAlexW2130664625MaRDI QIDQ382322

Piero Gottardi, Rohit Rahi

Publication date: 18 November 2013

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/1814/20016

zbMATH Keywords

uncertaintyincomplete marketsPareto efficiencycompetitive equilibriumretradingtransversality theorem

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Management decision making, including multiple objectives (90B50) Trade models (91B60) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (1)

VALUE OF INFORMATION IN COMPETITIVE ECONOMIES WITH INCOMPLETE MARKETS

Cites Work

• Real indeterminacy with financial assets
• Information, trade and common knowledge
• Constrained suboptimality in incomplete markets: A general approach and two applications
• Incomplete markets over an infinite horizon: Long-lived securities and speculative bubbles
• Information, trade and incomplete markets
• VALUE OF INFORMATION IN COMPETITIVE ECONOMIES WITH INCOMPLETE MARKETS

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