Equilibrium in economies with incomplete financial markets (Q1081516)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: Equilibrium in economies with incomplete financial markets |
scientific article; zbMATH DE number 3970441
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Equilibrium in economies with incomplete financial markets |
scientific article; zbMATH DE number 3970441 |
Statements
Equilibrium in economies with incomplete financial markets (English)
0 references
1985
0 references
The author studies an Arrow-Debreu economy with incomplete markets and shows the existence of equilibrium (Radner equilibrium) in a reformulated model with futures markets described by securities with monetary returns. This is in contrast to the results of Hart where futures markets are markets for contingent futures commodities.
0 references
Arrow-Debreu economy
0 references
incomplete markets
0 references
existence of equilibrium
0 references
Radner equilibrium
0 references
futures markets
0 references
