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
This paper demonstrates the generic existence of equilibria with incomplete markets in a stochastic ...
Duffie, Darrell — Stochastic Equilibria with Incomplete Financial Markets We demonstrate the existen...
We study the existence of equilibrium in two-period production economies, where asymmetrically infor...
We consider the model of a stochastic financial exchange economy with finitely many periods. Time an...
URL des Documents de travail : http://centredeconomiesorbonne.univ-paris1.fr/bandeau-haut/documents-...
We consider a two-date model of a financial exchange economy with finitely many agents having nonord...
We consider a two-date model of a financial exchange economy with finitely many agents having nonord...
URL des Documents de travail : http://centredeconomiesorbonne.univ-paris1.fr/bandeau-haut/documents-...
This paper demonstrates the generic existence of equilibria with incomplete markets in a stochastic ...
Duffie, Darrell — Stochastic Equilibria with Incomplete Financial Markets We demonstrate the existen...
We study the existence of equilibrium in two-period production economies, where asymmetrically infor...
We consider the model of a stochastic financial exchange economy with finitely many periods. Time an...
URL des Documents de travail : http://centredeconomiesorbonne.univ-paris1.fr/bandeau-haut/documents-...
We consider a two-date model of a financial exchange economy with finitely many agents having nonord...
We consider a two-date model of a financial exchange economy with finitely many agents having nonord...
URL des Documents de travail : http://centredeconomiesorbonne.univ-paris1.fr/bandeau-haut/documents-...
This paper demonstrates the generic existence of equilibria with incomplete markets in a stochastic ...
Duffie, Darrell — Stochastic Equilibria with Incomplete Financial Markets We demonstrate the existen...
We study the existence of equilibrium in two-period production economies, where asymmetrically infor...