Proportional Transaction Costs on Asset Trades: A Note on Existence by Homotopy Methods

Alessandro Citanna ()
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Alessandro Citanna: GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique

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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)
Date: 2000
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Published in 2000

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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-00598177

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