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Transaction costs and a redundant security: divergence of individual and social relevance1

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  • Hara, Chiaki

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  • Hara, Chiaki, 2000. "Transaction costs and a redundant security: divergence of individual and social relevance1," Journal of Mathematical Economics, Elsevier, vol. 33(4), pages 497-530, May.
    • Handle: RePEc:eee:mateco:v:33:y:2000:i:4:p:497-530
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    References listed on IDEAS

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    1. Jouini Elyes & Kallal Hedi, 1995. "Martingales and Arbitrage in Securities Markets with Transaction Costs," Journal of Economic Theory, Elsevier, vol. 66(1), pages 178-197, June.
    2. HARA, Chiaki, 1997. "The coordinating role of a redundant security in frictional markets," LIDAM Discussion Papers CORE 1997058, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Jouini, Elyes & Kallal, Hedi, 1993. "General equilibrium with producers and brokers : Existence and regularity," Economics Letters, Elsevier, vol. 41(3), pages 257-263.
    4. repec:dau:papers:123456789/5630 is not listed on IDEAS
    5. Frank Hahn, 1973. "On Transaction Costs, Inessential Sequence Economies and Money," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(4), pages 449-461.
    6. Hara, Chiaki, 1997. "Welfare analysis of the coordinating role of a redundant security," Economics Letters, Elsevier, vol. 56(3), pages 299-303, November.
    7. Chen Zhiwu, 1995. "Financial Innovation and Arbitrage Pricing in Frictional Economies," Journal of Economic Theory, Elsevier, vol. 65(1), pages 117-135, February.
    8. Elyégs Jouini & Hédi Kallal, 1995. "Arbitrage In Securities Markets With Short‐Sales Constraints," Mathematical Finance, Wiley Blackwell, vol. 5(3), pages 197-232, July.
    9. Bernard Bensaid & Jean‐Philippe Lesne & Henri Pagès & José Scheinkman, 1992. "Derivative Asset Pricing With Transaction Costs1," Mathematical Finance, Wiley Blackwell, vol. 2(2), pages 63-86, April.
    10. HARA, Chiaki, 1997. "Robustness of the coordinating role of a redundant security," LIDAM Discussion Papers CORE 1997057, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    11. Debreu, Gerard, 1970. "Economies with a Finite Set of Equilibria," Econometrica, Econometric Society, vol. 38(3), pages 387-392, May.
    12. Hara Chiaki, 1995. "Commission-Revenue Maximization in a General Equilibrium Model of Asset Creation," Journal of Economic Theory, Elsevier, vol. 65(1), pages 258-298, February.
    13. repec:dau:papers:123456789/5647 is not listed on IDEAS
    14. repec:dau:papers:123456789/5640 is not listed on IDEAS
    15. Dierker, Hildegard, 1975. "Smooth preferences and the regularity of equilibria," Journal of Mathematical Economics, Elsevier, vol. 2(1), pages 43-62, March.
    16. Cox, John C. & Ross, Stephen A. & Rubinstein, Mark, 1979. "Option pricing: A simplified approach," Journal of Financial Economics, Elsevier, vol. 7(3), pages 229-263, September.
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