Sequentially complete markets remain incomplete

DOI10.1016/J.ECONLET.2008.03.017MaRDI QIDQ1934894zbMATH OpenOpenAlexFDO

Authors Jacques H. Drèze, P. Jean-Jacques Herings

Publication date 29 January 2013

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://cris.maastrichtuniversity.nl/en/publications/ddb0ebc9-6c0f-46ce-8161-9517dec34acd

zbMATH Keywords

rational expectationssequentially complete marketstime inconsistency

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) General equilibrium theory (91B50)

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Cites work

• A note on the implementation of rational expectations equilibria
• Classical and Neoclassical Indeterminacy in One‐shot Versus Ongoing Equilibria
• Comparative Statics and Perfect Foresight in Infinite Horizon Economies
• Continua of underemployment equilibria reflecting coordination failures, also at Walrasian prices
• Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets
• scientific article; zbMATH DE number 1795156 (Why is no real title available?)
• On the existence of a continuum of constrained equilibria
• Real indeterminacy with financial assets
• Sequences of temporary equilibria, stationary point expectations, and Pareto efficiency
• Sequential indetermninacy in production economies
• Stationary Markov equilibria for overlapping generations
• The Structure of Financial Equilibrium with Exogenous Yields: The Case of Incomplete Markets
• The Structure of Sunspot Equilibria: The Role of Multiplicity

Cited in

(4)

• Evolution and market behavior with endogenous investment rules
• Complete markets do not allow free cash flow streams
• Dynamic versus one-period completeness in event-tree security markets
• On the completeness of complete markets

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