Complete and Competitive Financial Markets in a Complex World

Gianluca Cassese

No 435, Working Papers from University of Milano-Bicocca, Department of Economics

Abstract: We investigate the possibility of completing  nancial markets in a model with no exogenous probability measure and market imperfections. A necessary and suƒcient condition is obtained for such extension to be possible.

JEL-codes: G10 G12 (search for similar items in EconPapers)
Pages: 21
Date: 2020-03, Revised 2020-03
New Economics Papers: this item is included in nep-ore
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Related works:
Journal Article: Complete and competitive financial markets in a complex world (2021)
Working Paper: Complete and competitive financial markets in a complex world (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:mib:wpaper:435

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