Existence of Financial Equilibria in Continuous Time with Potentially Complete Markets

Frederik Herzberg and Frank Riedel

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Abstract: We prove that in smooth Markovian continuous-time economies with potentially complete asset markets, Radner equilibria with endogenously complete markets exist.

Date: 2012-07
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Related works:
Working Paper: Existence of financial equilibria in continuous time with potentially complete markets (2017)
Journal Article: Existence of financial equilibria in continuous time with potentially complete markets (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1207.2010

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