Existence of financial equilibria in a multiperiod stochastic economy - Archive ouverte HAL
Article Dans Une Revue Advances in mathematical economics Année : 2006

Existence of financial equilibria in a multiperiod stochastic economy

Résumé

We consider the model of a stochastic financial exchange economy with finitely many periods. Time and uncertainty are represented by a finite event-tree D and consumers may have constraints on their portfolios. We provide a general existence result of financial equilibria, which allows to cover several important cases of financial structures in the literature with or without constraints on portfolios.
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Dates et versions

hal-00287671 , version 1 (12-06-2008)

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  • HAL Id : hal-00287671 , version 1

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Laura Angeloni, Bernard Cornet. Existence of financial equilibria in a multiperiod stochastic economy. Advances in mathematical economics, 2006, 8, pp.1-31. ⟨hal-00287671⟩
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