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Existence of an endogenously complete equilibrium driven by a diffusion

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journal contribution
posted on 30.10.2014, 00:00 by Dmitry KramkovDmitry Kramkov

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.

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Publisher Statement

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

Date

30/10/2014