Bibliograph

Risk-sharing and retrading in incomplete markets, Piero Gottardi and Rohit Rahi

Type

Label

Risk-sharing and retrading in incomplete markets, Piero Gottardi and Rohit Rahi

Language

eng

Abstract

At a competitive equilibrium of an incomplete-markets economy agents' marginal valuations for the tradable assets are equalized ex-ante. We characterize the finest partition of the state space conditional on which this equality holds for any economy. This leads naturally to a necessary and sufficient condition on information that would lead to retrade, if such information were to become publicly available after the initial round of trade

Bibliography note

Includes bibliographical references (page 18)

Index

no index present

Literary Form

non fiction

Main title

Risk-sharing and retrading in incomplete markets

Oclc number

851517000

Responsibility statement

Piero Gottardi and Rohit Rahi