Proportional transaction costs on asset trades: a note on existence by homotopy methods

Alessandro Citanna

No 717, HEC Research Papers Series from HEC Paris

Abstract: We prove existence of equilibria with proportional transaction costs on asset trading, using homotopy methods.

Keywords: Transaction costs; incomplete markets; homotopy methods (search for similar items in EconPapers)
JEL-codes: C62 D52 G10 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2000-12-01
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Persistent link: https://EconPapers.repec.org/RePEc:ebg:heccah:0717

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