EconPapers    
Economics at your fingertips  
 

Liquidity and Market Incompleteness

Felipe Zurita

No 318, Documentos de Trabajo from Instituto de Economia. Pontificia Universidad Católica de Chile.

Abstract: This note shows that according to Lipmann and McCall's (1986) operational definition of liquidity, incomplete markets are a necessary condition for illiquidity.

Keywords: Liquidity; insurance (search for similar items in EconPapers)
JEL-codes: D83 G10 G22 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-ias
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.economia.uc.cl/docs/doctra/dt-318.pdf (application/pdf)

Related works:
Journal Article: Liquidity and market incompleteness (2008) Downloads
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:ioe:doctra:318

Access Statistics for this paper

More papers in Documentos de Trabajo from Instituto de Economia. Pontificia Universidad Católica de Chile. Contact information at EDIRC.
Bibliographic data for series maintained by Jaime Casassus ().

 
Page updated 2024-02-26
Handle: RePEc:ioe:doctra:318