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Title:Existence of financial equilibria in continuous time with potentially complete markets PDF Logo
Authors:Riedel, Frank
Herzberg, Frederik
Issue Date:2010
Series/Report no.:Working papers // Institute of Mathematical Economics 443
Abstract:We prove that in smooth Markovian continuous-time economies with potentially complete asset markets, Radner equilibria with endogenously complete markets exist.
Subjects:Potentially complete market
Continuous-time financial
market
Radner equilibrium
Itô diffusion
Analytic transition density
JEL:D52
D53
G12
Document Type:Working Paper
Appears in Collections:Working Papers, Institute of Mathematical Economics, Universität Bielefeld

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