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Existence of an endogenously complete equilibrium driven by a diffusion

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posted on 2014-10-30, 00:00 authored by Dmitry KramkovDmitry Kramkov
<p>The existence of complete Radner equilibria is established in an economy whose parameters are driven by a diffusion process. Our results complement those in the literature. In particular, we work under essentially minimal regularity conditions and treat the timeinhomogeneous case.</p>

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The final publication is available at Springer via http://dx.doi.org/10.1007/s00780-014-0250-y

Date

2014-10-30

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