Temporary financial equilibrium (Q1865190)
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scientific article; zbMATH DE number 1887551
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| default for all languages | No label defined |
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| English | Temporary financial equilibrium |
scientific article; zbMATH DE number 1887551 |
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Temporary financial equilibrium (English)
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25 March 2003
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The referred paper deals with the model of equilibrium in a two-period pure exchange economy with financial assets. The interest is focused on the concept of a temporary financial equilibrium as an equilibrium of the current spot and security markets under given forecast functions of future prices and pay-offs. The main result regards the equivalence between this temporary financial equilibrium model and Arrow-Debreu economy where prefeences are price-dependent.
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temporary equilibrium
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financial equilibrium
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asset pricing
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0.766363799571991
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0.7643247842788696
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0.762570321559906
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0.7604045271873474
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