On the effectiveness of sunspots in incomplete markets (Q1341458)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On the effectiveness of sunspots in incomplete markets |
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On the effectiveness of sunspots in incomplete markets (English)
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5 January 1995
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In a world with both intrinsic and extrinsic uncertainty, we show that insurable sunspots do not matter, regardless of the existing trading opportunities with respect to the intrinsic risk.
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incomplete markets
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sunspot equilibrium
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intrinsic and extrinsic uncertainty
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insurable sunspots
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