IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-1-4757-3619-9_10.html
   My bibliography  Save this book chapter

Time, Uncertainty and Incomplete Markets

In: Differential Topology and General Equilibrium with Complete and Incomplete Markets

Author

Listed:
  • Antonio Villanacci

    (Università degli Studi di Firenze)

  • Laura Carosi

    (Università degli Studi di Pisa)

  • Pierluigi Benevieri

    (Università degli Studi di Firenze)

  • Andrea Battinelli

    (Università degli Studi di Siena)

Abstract

In this chapter, we discuss the model of an exchange economy presented in Chapter 8 without Assumption c3, i.e., we introduce time and uncertainty. In Section 1, we present that more general framework keeping Assumption h5 — market completeness, and we discuss the need for its removal and the introduction of a financial side of the economy. In Section 2, we formalize a way of introducing financial assets, define the notion of complete financial markets and study the relationship with complete markets. Finally, the definition of incomplete financial markets is given and the main fundamental results, which are going to be shown in the following chapters, are summarized.

Suggested Citation

  • Antonio Villanacci & Laura Carosi & Pierluigi Benevieri & Andrea Battinelli, 2002. "Time, Uncertainty and Incomplete Markets," Springer Books, in: Differential Topology and General Equilibrium with Complete and Incomplete Markets, chapter 0, pages 289-305, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4757-3619-9_10
    DOI: 10.1007/978-1-4757-3619-9_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    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:spr:sprchp:978-1-4757-3619-9_10. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.