Existence of financial equilibria in continuous time with potentially complete markets

Frank Riedel and Frederik Herzberg

No 443, Center for Mathematical Economics Working Papers from Center for Mathematical Economics, Bielefeld University

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

Keywords: Potentially complete market; Continuous-time financial market; Radner equilibrium; It^o diffusion; Analytic transition density (search for similar items in EconPapers)
Date: 2017-03-20
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Citations: View citations in EconPapers (14)

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https://pub.uni-bielefeld.de/download/2909312/2909313 First Version, 2010 (application/x-download)

Related works:
Journal Article: Existence of financial equilibria in continuous time with potentially complete markets (2013)
Working Paper: Existence of Financial Equilibria in Continuous Time with Potentially Complete Markets (2012)
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