On the completeness of complete markets
type: Item
instance of: scholarly article
title: On the completeness of complete markets
zbMATH Open document ID: 1155.91020
author: P. Jean-Jacques Herings
author: Kirsten I. M. Rohde
published in: Economic Theory
publication date: 2008-09-23T00:00:00Z
full work available at URL: Herings 2008 on the completeness of complete.pdf
review text: The authors consider three market structures. Model of Arrow-Debreu, model of sequentially complete markets and model of complete markets are analyzed. Multi-period economies subject to uncertainty, where markets may reopen at future stats are investigated. Distinction between naive and sophisticated behavior of markets are given. The authors analyzed this two types of behavior for time-consistent or time-inconsistent preferences.
Mathematics Subject Classification ID: 91B26
Mathematics Subject Classification ID: 91B60
Mathematics Subject Classification ID: 91B50
zbMATH DE Number: 5346092
zbMATH Keywords: market structure
zbMATH Keywords: sophisticated behavior
zbMATH Keywords: model of Arrow-Debreu
zbMATH Keywords: time-inconsistent preferences
zbMATH Keywords: market completeness
MaRDI profile type: Publication
OpenAlex ID: W2108651702
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DOI: 10.1007/S00199-007-0291-Y
description: scientific article; zbMATH DE number 5346092