The Completeness and Incompleteness of Financial Markets in Economies Driven by Diffusion Processes
We investigate sufficient conditions for the completeness and incompleteness of financial markets with multiple goods and heterogeneous agents in continuous-time economies driven by diffusion processes. It is demonstrated that, under certain conditions, two types of utility functions lead to the inc...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Hindawi Limited
2019-01-01
|
| Series: | Mathematical Problems in Engineering |
| Online Access: | http://dx.doi.org/10.1155/2019/1717253 |