Existence of an endogenously complete equilibrium driven by a diffusion
classification
🧮 math.PR
q-fin.GN
keywords
completediffusiondrivenexistencecasecomplementconditionseconomy
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The existence of complete Radner equilibria is established in an economy which 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 time-inhomogeneous case.
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