Characterisation of generically complete real asset structures
From MaRDI portal
Publication:909554
DOI10.1016/0304-4068(90)90041-7zbMath0694.90019OpenAlexW1988745961MaRDI QIDQ909554
Michael J. P. Magill, Wayne J. Shafer
Publication date: 1990
Published in: Journal of Mathematical Economics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0304-4068(90)90041-7
equilibrium allocationscontingent marketssequential system of spot and real asset marketsstochastic economytwo market structures
Related Items (28)
On trees and logs ⋮ Partially revealing rational expectations equilibria with nominal assets ⋮ Financial intermediation and the welfare theorems in incomplete markets ⋮ Genericity analysis on the pseudo-equilibrium manifold ⋮ Stability of tâtonnement processes of short period equilibria with rational expectations ⋮ The structure of the pseudo-equilibrium manifold in economies with incomplete markets ⋮ A second welfare theorem for constrained efficient allocations in incomplete markets ⋮ A two-stage core with applications to asset market and differential information economiesw ⋮ Existence of stochastic equilibrium with incomplete financial markets ⋮ Existence of financial equilibria in continuous time with potentially complete markets ⋮ Complete and incomplete financial markets in multi-good economies ⋮ Spanning with American options. ⋮ A note on the regularity of competitive equilibria and asset structures. ⋮ Generic inefficiency of stock market equilibrium when markets are incomplete ⋮ Existence of equilibrium with incomplete markets ⋮ A homotopy algorithm and an index theorem for the general equilibrium model with incomplete asset markets ⋮ \(p\)-weakly constrained Pareto efficiency and aggregation in incomplete markets ⋮ OPTIONS AND EFFICIENCY IN MULTIDATE SECURITY MARKETS ⋮ The completion of real-asset markets by options ⋮ Robust nonexistence of equilibrium with incomplete markets ⋮ Discrete-time stochastic equilibrium with infinite horizon incomplete asset markets ⋮ Equilibria in incomplete assets economies with infinite dimensional spot markets ⋮ Existence of equilibria with incomplete markets: The case of smooth returns ⋮ Computing equilibria in the general equilibrium model with incomplete asset markets ⋮ Arbitrage and asset prices ⋮ On the number of currencies needed to implement the complete asset market allocation ⋮ Equilibria with options: Existence and indeterminacy ⋮ Capital market equilibrium with moral hazard
Cites Work
- Unnamed Item
- Unnamed Item
- On the generic existence of Radner equilibria when there are as many securities as states of nature
- Existence of equilibrium with incomplete markets
- Equilibrium in incomplete markets. I: A basic model of generic existence
- On the optimality of equilibrium when the market structure is incomplete
- Smooth Preferences: A Corrigendum
- Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets
- Economies with a Finite Set of Equilibria
- Smooth Preferences
- An exact sequence in differential topology
This page was built for publication: Characterisation of generically complete real asset structures