Narrow search
Showing 1 - 4 of 4
Cover Image
A price uncertainty principle and the existence of sequential equilibrium : (I) a numerical example.
Boisdeffre, Lionel de - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2010
equilibrium is still characterized by the no-arbitrage condition. …
Persistent link: https://www.econbiz.de/10008622003
Cover Image
Price revelation and existence of equilibrium in a private belief economy.
Boisdeffre, Lionel de - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014
the first period, which clear on all markets ex post. We introduce no-arbitrage prices and display their revealing …
Persistent link: https://www.econbiz.de/10010812339
Cover Image
On the existence of financial equilibrium when beliefs are private.
Boisdeffre, Lionel de - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2012
We consider a pure exchange financial economy, where agents, possibly asymetrically informed, face an "exogenous uncertainty", on the future state of nature, and an "endogenous uncertainty", on the future price in each random state. Namely, every agent forms private price anticipations on every...
Persistent link: https://www.econbiz.de/10010584133
Cover Image
Price revelation and existence of financial equilibrium with incomplete markets and private beliefs
Boisdeffre, Lionel De - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2015
's purpose is twofold. First, it defines no-arbitrage prices, which comprise all equilibrium prices, and displays their revealing …
Persistent link: https://www.econbiz.de/10011274577