Equilibrium in incomplete markets with differential information: A basic model of generic existence
Author
Abstract
Suggested Citation
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03196857
Download full text from publisher
References listed on IDEAS
- Bernard Cornet & Lionel Boisdeffre, 2009.
"Elimination of arbitrage states in asymmetric information models,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 38(2), pages 287-293, February.
- Bernard Cornet & Lionel De Boisdeffre, 2005. "Elimination Of Arbitrage States In Asymmetric Information Models," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200504, University of Kansas, Department of Economics, revised Feb 2005.
- Bernard Cornet & Lionel de Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Post-Print halshs-00441895, HAL.
- Bernard Cornet & Lionel D Boisdeffre, 2009. "Elimination of Arbitrage States in Asymmetric Information Models," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200912, University of Kansas, Department of Economics, revised Dec 2009.
- Bernard Cornet & Lionel De Boisdeffre, 2009. "Elimination of arbitrage states in asymetric information models," PSE-Ecole d'économie de Paris (Postprint) hal-01871267, HAL.
- Bernard Cornet & Lionel De Boisdeffre, 2009. "Elimination of arbitrage states in asymetric information models," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01871267, HAL.
- Bernard Cornet & Lionel de Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00441895, HAL.
- Bernard Cornet & Lionel De Boisdeffre, 2009. "Elimination of arbitrage states in asymetric information models," Post-Print hal-01871267, HAL.
- Bernard Cornet & Lionel De Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Documents de travail du Centre d'Economie de la Sorbonne 09078, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Bernard Cornet & Lionel Boisdeffre, 2009.
"Elimination of arbitrage states in asymmetric information models,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 38(2), pages 287-293, February.
- Bernard Cornet & Lionel De Boisdeffre, 2005. "Elimination Of Arbitrage States In Asymmetric Information Models," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200504, University of Kansas, Department of Economics, revised Feb 2005.
- Bernard Cornet & Lionel de Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Post-Print hal-00287683, HAL.
- Bernard Cornet & Lionel de Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Post-Print halshs-00441895, HAL.
- Bernard Cornet & Lionel D Boisdeffre, 2009. "Elimination of Arbitrage States in Asymmetric Information Models," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200912, University of Kansas, Department of Economics, revised Dec 2009.
- Bernard Cornet & Lionel Boisdeffre, 2009. "Elimination of arbitrage states in asymetric information models," PSE-Ecole d'économie de Paris (Postprint) hal-01871267, HAL.
- Bernard Cornet & Lionel de Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00287683, HAL.
- Bernard Cornet & Lionel Boisdeffre, 2009. "Elimination of arbitrage states in asymetric information models," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01871267, HAL.
- Bernard Cornet & Lionel de Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00441895, HAL.
- Bernard Cornet & Lionel Boisdeffre, 2009. "Elimination of arbitrage states in asymetric information models," Post-Print hal-01871267, HAL.
- Bernard Cornet & Lionel De Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Documents de travail du Centre d'Economie de la Sorbonne 09078, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Bernard Cornet & Lionel de Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," PSE-Ecole d'économie de Paris (Postprint) hal-00287683, HAL.
- Ho-Mou Wu & Mordecai Kurz, 1996.
"Endogenous uncertainty in a general equilibrium model with price contingent contracts (*),"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 8(3), pages 461-488.
- Kurz, Mordecai & Wu, Ho-Mou, 1996. "Endogenous Uncertainty in a General Equilibrium Model with Price Contingent Contracts," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 8(3), pages 461-488, October.
- Mordecai Kurz & Ho-Mou Wu, "undated". "Endogenous Uncertainty in a General Equilibrium Model with Price Contingent Contracts," Working Papers 96002, Stanford University, Department of Economics.
- Bernard Cornet & Lionel Boisdeffre, 2009.
"Elimination of arbitrage states in asymmetric information models,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 38(2), pages 287-293, February.
- Bernard Cornet & Lionel De Boisdeffre, 2005. "Elimination Of Arbitrage States In Asymmetric Information Models," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200504, University of Kansas, Department of Economics, revised Feb 2005.
- Bernard Cornet & Lionel de Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," PSE-Ecole d'économie de Paris (Postprint) hal-00287683, HAL.
- Bernard Cornet & Lionel de Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Post-Print halshs-00441895, HAL.
- Bernard Cornet & Lionel D Boisdeffre, 2009. "Elimination of Arbitrage States in Asymmetric Information Models," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200912, University of Kansas, Department of Economics, revised Dec 2009.
- Bernard Cornet & Lionel Boisdeffre, 2009. "Elimination of arbitrage states in asymetric information models," PSE-Ecole d'économie de Paris (Postprint) hal-01871267, HAL.
- Bernard Cornet & Lionel de Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00287683, HAL.
- Bernard Cornet & Lionel Boisdeffre, 2009. "Elimination of arbitrage states in asymetric information models," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01871267, HAL.
- Bernard Cornet & Lionel de Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Post-Print hal-00287683, HAL.
- Bernard Cornet & Lionel de Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00441895, HAL.
- Bernard Cornet & Lionel Boisdeffre, 2009. "Elimination of arbitrage states in asymetric information models," Post-Print hal-01871267, HAL.
- Bernard Cornet & Lionel De Boisdeffre, 2009. "Elimination of arbitrage states in asymmetric information models," Documents de travail du Centre d'Economie de la Sorbonne 09078, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Radner, Roy, 1979.
"Rational Expectations Equilibrium: Generic Existence and the Information Revealed by Prices,"
Econometrica, Econometric Society, vol. 47(3), pages 655-678, May.
- Roy Radner, 1997. "Rational Expectations Equilibrium: Generic Existence and the Information Revealed by Prices," Levine's Working Paper Archive 1594, David K. Levine.
- Kurz, Mordecai, 1994.
"On Rational Belief Equilibria,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(6), pages 859-876, October.
- Kurz, M., 1991. "On rational Belief Equilibria," Papers 40, Stanford - Institute for Thoretical Economics.
- Hart, Oliver D., 1975. "On the optimality of equilibrium when the market structure is incomplete," Journal of Economic Theory, Elsevier, vol. 11(3), pages 418-443, December.
- Cornet, Bernard & De Boisdeffre, Lionel, 2002. "Arbitrage and price revelation with asymmetric information and incomplete markets," Journal of Mathematical Economics, Elsevier, vol. 38(4), pages 393-410, December.
- Duffie, Darrell & Shafer, Wayne, 1985. "Equilibrium in incomplete markets: I : A basic model of generic existence," Journal of Mathematical Economics, Elsevier, vol. 14(3), pages 285-300, June.
- Radner, Roy, 1972. "Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets," Econometrica, Econometric Society, vol. 40(2), pages 289-303, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Lionel de Boisdeffre, 2021. "Dropping the Cass Trick and Extending Cass' Theorem to Asymmetric Information and Restricted Participation," Post-Print halshs-03196923, HAL.
- Lionel de Boisde¤re, 2021. "Dropping Rational Expectations," Post-Print halshs-03196897, HAL.
- Lionel de Boisde¤re, 2021. "Dropping Rational Expectations," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03196897, HAL.
- Lionel de Boisdeffre, 2021. "Dropping the Cass Trick and Extending Cass' Theorem to Asymmetric Information and Restricted Participation," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03196923, HAL.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Lionel de Boisde¤re, 2021. "Equilibrium in incomplete markets with differential information: A basic model of generic existence," Post-Print halshs-03196857, HAL.
- Lionel De Boisdeffre, 2018. "Equilibrium with Differential Information and Exogenous Beliefs: A Basic Model of Full Existence," Working papers of CATT hal-02141059, HAL.
- Lionel de Boisde¤re, 2021. "Dropping Rational Expectations," Post-Print halshs-03196897, HAL.
- Lionel de Boisde¤re, 2021. "Dropping Rational Expectations," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03196897, HAL.
- Lionel de Boisdeffre, 2021. "Dropping the Cass Trick and Extending Cass' Theorem to Asymmetric Information and Restricted Participation," Post-Print halshs-03196923, HAL.
- Lionel de Boisdeffre, 2021. "Dropping the Cass Trick and Extending Cass' Theorem to Asymmetric Information and Restricted Participation," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03196923, HAL.
- Lionel De Boisdeffre, 2018. "Equilibrium with Differential Information and Exogenous Beliefs: A Basic Model of Full Existence," Working Papers hal-02141059, HAL.
- Lionel De Boisdeffre, 2018. "Dropping Rational Expectations," Post-Print halshs-01903510, HAL.
- Lionel De Boisdeffre, 2018. "Equilibrium with Differential Information and Exogenous Beliefs: A Basic Model of Full Existence," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-02141059, HAL.
- de Boisdeffre, Lionel, 2021. "Equilibrium in incomplete markets with differential information: A basic model of generic existence," Mathematical Social Sciences, Elsevier, vol. 110(C), pages 53-62.
- Lionel de Boisdeffre, 2018. "Sequential equilibrium without rational expectations of prices: A theorem of full existence," Post-Print halshs-01593567, HAL.
- Lionel DE BOISDEFFRE, 2018. "Equilibrium with Differential Information and Exogenous Beliefs: A Basic Model of Full Existence," Working Papers 2017-2018_8, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Jun 2018.
- Lionel De Boisdeffre, 2018. "Dropping Rational Expectations," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01903510, HAL.
- Lionel de Boisdeffre, 2018. "Dropping Rational Expectations," Documents de travail du Centre d'Economie de la Sorbonne 18026, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- de Boisdeffre, Lionel, 2022. "Dropping rational expectations," Mathematical Social Sciences, Elsevier, vol. 115(C), pages 37-46.
- Lionel De Boisdeffre, 2015. "Price revelation and existence of financial equilibrium with incomplete markets and private beliefs," Working papers of CATT hal-02943034, HAL.
- Lionel De Boisdeffre, 2018. "Circumventing the Hart Puzzle," Post-Print halshs-01903586, HAL.
- Lionel De Boisdeffre, 2015. "Dropping rational expectations," Working papers of CATT hal-02942197, HAL.
- Lionel De Boisdeffre, 2018. "Circumventing the Hart Puzzle," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01903586, HAL.
- Lionel De Boisdeffre, 2017. "Sequential Equilibrium without Rational Expectations of Prices: A Theorem of Full Existence," Working Papers hal-02938743, HAL.
More about this item
Keywords
sequential equilibrium; temporary equilibrium; perfect foresight; existence; rational expectations; financial markets; asymmetric information; arbitrage; équilibre séquentiel; équilibre temporaire; anticipations parfaites; existence de l'équilibre; anticipations rationnelles; marchés financiers incomplets; asymétrie d'information;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:cesptp:halshs-03196857. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.