Back to Search Start Over

T-period economies with incomplete markets

Authors :
Monique Florenzano
Pascal Gourdel
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