Existence of financial equilibria in a multiperiod stochastic economy

Laura Angeloni and Bernard Cornet
Additional contact information
Laura Angeloni: Dipartmento di Matematica e Informatica - Universit`a debli Studi di Pergia

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: We consider the model of a stochastic financial exchange economy with finitely many periods. Time and uncertainty are represented by a finite event-tree D and consumers may have constraints on their portfolios. We provide a general existence result of financial equilibria, which allows to cover several important cases of financial structures in the literature with or without constraints on portfolios.

Keywords: Incomplete markets; financial equilibria; constrained portfolios; multi-period model (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Published in Advances in mathematical economics, 2006, 8, pp.1-31

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Existence of financial equilibria in a multiperiod stochastic economy (2006)
Working Paper: EXISTENCE OF FINANCIAL EQUILIBRIA IN A MULTIPERIOD STOCHASTIC ECONOMY (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-00287671

Access Statistics for this paper

More papers in Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
Bibliographic data for series maintained by CCSD ().