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arXiv · 1304.3516

Existence of an endogenously complete equilibrium driven by a diffusion

Dmitry Kramkov
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Abstract

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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Dmitry Kramkov. 2014-10-29. Existence of an endogenously complete equilibrium driven by a diffusion. https://doi.org/10.1007/s00780-014-0250-y

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