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Existence of financial equilibria in continuous time with potentially complete markets |
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| Authors: | Frank Riedel Frederik Herzberg |
| Affiliation: | Center for Mathematical Economics, Bielefeld University, Germany |
| Abstract: | We prove that in smooth Markovian continuous-time economies with potentially complete asset markets, Radner equilibria with endogenously complete markets exist. |
| Keywords: | Potentially complete market Continuous-time financial market Radner equilibrium Itô diffusion |
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