On the Existence of an Arrow-Radner Equilibrium in the Case of Complete Markets. A Remark

DOI10.1287/MOOR.17.1.148MaRDI QIDQ4016715zbMATH OpenOpenAlexFDO

Authors R. A. Dana, Monique Pontier

Publication date 16 January 1993

Published in Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/moor.17.1.148

zbMATH Keywords

Arrow-Debreu equilibriumcontinuous time pure exchange stochastic economy

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economic growth models (91B62) Stochastic systems in control theory (general) (93E03)

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Cited in

(21)

• Arrow-Debreu equilibria with asymptotically heterogeneous expectations exist
• The meaning of market efficiency
• Uniqueness of Arrow-Debreu and Arrow-Radner equilibrium when utilities are additively separable
• Stochastic multi-agent equilibria in economies with jump-diffusion uncertainty
• An example of a stochastic equilibrium with incomplete markets
• Existence of Arrow-Radner equilibrium with endogenously complete markets under incomplete information
• Non-implementability of Arrow-Debreu equilibria by continuous trading under volatility uncertainty
• Arrow-Debreu equilibria for rank-dependent utilities
• Equilibrium with arbitrary market structure
• Existence, uniqueness and determinacy of Arrow-Debreu equilibria in finance models
• Arrow-Debreu equilibria for rank-dependent utilities with heterogeneous probability weighting
• Equilibrium Models With Singular Asset Prices
• Stochastic equilibria for economies under uncertainty with intertemporal substitution
• IMPLEMENTING ARROW–DEBREU EQUILIBRIA IN APPROXIMATELY COMPLETE SECURITY MARKETS
• Complete and incomplete financial markets in multi-good economies
• Asset equilibria in \(L^ p\) spaces with complete markets: A duality approach
• Arrow's equivalency theorem in a model with neoclassical firms
• Incomplete stochastic equilibria with exponential utilities close to Pareto optimality
• An alternative proof for the existence of Radner equilibria
• Existence and uniqueness of Arrow-Debreu equilibria with consumptions in \(\mathbf{L}^0_+\)
• Existence of an endogenously complete equilibrium driven by a diffusion

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