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T-period economies with incomplete markets
- Source :
- Economics Letters. 44:91-97
- Publication Year :
- 1994
- Publisher :
- Elsevier BV, 1994.
-
Abstract
- A very simple proof is given for the existence of stochastic equilibria in a T -period economy with an incomplete financial structure.
Details
- ISSN :
- 01651765
- Volume :
- 44
- Database :
- OpenAIRE
- Journal :
- Economics Letters
- Accession number :
- edsair.doi.dedup.....7cf4024a354433619cf0447650803105
- Full Text :
- https://doi.org/10.1016/0165-1765(93)00308-b