Existence of Financial Equilibria in Continuous Time with Potentially Complete Markets
General Finance
2012-07-10 v1
Abstract
We prove that in smooth Markovian continuous-time economies with potentially complete asset markets, Radner equilibria with endogenously complete markets exist.
Keywords
Cite
@article{arxiv.1207.2010,
title = {Existence of Financial Equilibria in Continuous Time with Potentially Complete Markets},
author = {Frederik Herzberg and Frank Riedel},
journal= {arXiv preprint arXiv:1207.2010},
year = {2012}
}