INCOMPLETE MARKETS IN INFINITE HORIZON: DEBT CONSTRAINTS VERSUS NODE PRICES1

DOI10.1111/j.1467-9965.1996.tb00076.xzbMath0915.90055OpenAlexW3023492905MaRDI QIDQ4226861

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

incomplete marketsstochastic equilibriumborrowing constraintsinfinite horizon economiesno-arbitrage asset pricingone-period securities

Mathematics Subject Classification ID

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

Related Items (4)

Equilibrium with limited-recourse collateralized loans ⋮ Making promises in infinite-horizon economies with default and collateral ⋮ INFINITE HORIZON INCOMPLETE MARKETS WITH A CONTINUUM OF STATES ⋮ INFINITE HORIZON INCOMPLETE MARKETS WITH A CONTINUUM OF STATES

Cites Work

• Unnamed Item
• Infinite horizon equilibrium with incomplete markets
• \(T\)-period economies with incomplete markets
• Myopic Economic Agents
• Infinite Horizon Incomplete Markets
• Rational Asset Pricing Bubbles
• Convex Analysis

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