Stochastic equilibria in a general class of incomplete Brownian market environments
This dissertation is a contribution to the equilibrium theory in incomplete financial markets. It shows that, under appropriate conditions, an equilibrium exists and is unique in a general class of incomplete Brownian market environments either composed of exponential-utility-maximizing agents or po...
| Main Author: | |
|---|---|
| Format: | Others |
| Language: | English |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/2152/ETD-UT-2012-05-5064 |