Incomplete markets: transverse financial structures
The paper provides conditions under which an equilibrium exists for incomplete markets in a multiperiod setup and with assets whose pay off is path dependent. Radner, \(\beta\) and \(\beta\) pseudo equilibria are considered and related. As an application, the existence of an equilibrium for commodity forward contracts is proved. The paper extends earlier results of the author dealing with two-period problems. Unfortunately, it is burdened with various technical deficiencies; for example, the announced definition of the \(\beta\) pseudo equilibrium is missing.
- Incomplete markets and derivative assets
- Incomplete market dynamics and cross-sectional distributions
- Incomplete markets and volatility
- Investment and financing in incomplete markets
- Incomplete markets, continuum of states and default
- Incomplete financial markets and differential information
- scientific article; zbMATH DE number 1154009
- Competitive equilibrium with incomplete financial markets
- Complete and incomplete financial markets in multi-good economies
- The Structure of Financial Equilibrium with Exogenous Yields: The Case of Incomplete Markets
- Equilibrium in economies with incomplete financial markets
- Continuity of marketable payoffs with re-trading
- Securities market theory: possession, repo and rehypothecation
- scientific article; zbMATH DE number 2119295 (Why is no real title available?)
- Robust nonexistence of equilibrium with incomplete markets
- Competitive equilibrium with incomplete financial markets
This page was built for publication: Incomplete markets: transverse financial structures
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1865203)
