INCOMPLETE MARKETS IN INFINITE HORIZON: DEBT CONSTRAINTS VERSUS NODE PRICES1

DOI10.1111/J.1467-9965.1996.TB00076.XMaRDI QIDQ4226861zbMATH OpenOpenAlexFDO

Authors Monique Florenzano, Pascal Gourdel

Publication date 23 February 1999

Published in Mathematical Finance (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/j.1467-9965.1996.tb00076.x

zbMATH Keywords

borrowing constraintsincomplete marketsinfinite horizon economiesno-arbitrage asset pricingone-period securitiesstochastic equilibrium

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) General equilibrium theory (91B50) Economic growth models (91B62)

Recommendations

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Cites work

• \(T\)-period economies with incomplete markets
• Convex Analysis
• scientific article; zbMATH DE number 19474 (Why is no real title available?)
• Infinite horizon equilibrium with incomplete markets
• Infinite Horizon Incomplete Markets
• Myopic Economic Agents
• Rational Asset Pricing Bubbles

Cited in

(16)

• Financial segmentation and collateralized debt in infinite-horizon economies
• Dept constraints and equilibrium in infinite horizon economies with incomplete markets
• Incomplete markets over an infinite horizon: Long-lived securities and speculative bubbles
• Valuation in infinite-horizon sequential markets with portfolio constraints
• Equilibrium with limited-recourse collateralized loans
• Making promises in infinite-horizon economies with default and collateral
• Trading constraints penalizing default: A recursive approach
• Competitive equilibria for infinite-horizon economies with incomplete markets
• Classical overlapping generations models with incomplete markets.
• INFINITE HORIZON INCOMPLETE MARKETS WITH A CONTINUUM OF STATES
• INFINITE HORIZON INCOMPLETE MARKETS WITH A CONTINUUM OF STATES
• Infinite Horizon Incomplete Markets
• Debt, deficits and finite horizons: the stochastic case
• Infinite horizon equilibrium with incomplete markets
• Discrete-time stochastic equilibrium with infinite horizon incomplete asset markets
• Consumption dynamics in general equilibrium: a characterisation when markets are incomplete

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