Existence of equilibrium in financial markets: Hart's securities exchange model with consumption in the first period
Hart has established necessary and sufficient conditions for the existence of equilibrium in an economy consisting of two time periods in which agents trade assets whose returns depend on an uncertain state of nature. Hammond has enounced an equivalent condition from an alternative approach to Hart&...
- Autores:
-
Bonaldi Varón, Jean Pietro
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2010
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/8154
- Acceso en línea:
- http://hdl.handle.net/1992/8154
- Palabra clave:
- Financial markets
General equilibrium
Securities model
Equilibrio (Economía)
Estancamiento (Economía)
Mercado financiero
D53
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/