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Riedel, Frank ; Herzberg, Frederik: Existence of financial equilibria in continuous time with potentially complete markets. In: . Jg.443. 2010
Inhalt
A Diffusion Exchange Economy with Potentially Complete Asset Markets
The State Variables
Commodities and Agents
The Financial Market
Existence of Radner Equilibrium with Dynamically Complete Markets
Existence of an Analytic Arrow–Debreu Equilibrium
Analytic Security Prices
Dynamically Complete Markets
Appendix: Analytic Transition Densities