OPTIONS AND EQUILIBRIUM

被引：20
作者：
POLEMARCHAKIS, HM
KU, BI
机构：
[1] Columbia University, New York
来源：
JOURNAL OF MATHEMATICAL ECONOMICS | 1990年 / 19卷 / 1-2期
基金：
美国国家科学基金会;
关键词：
D O I：
10.1016/0304-4068(90)90038-B
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
When the asset market is incomplete, options at a priori specified exercise prices may prevent the existence of competetive equilibria. The failure of existence may be robust to perturbations. © 1990.
引用
收藏
页码：107 / 112
页数：6
相关论文
共 13 条
[1]   PRICING OF OPTIONS AND CORPORATE LIABILITIES [J].
BLACK, F ;
SCHOLES, M .
JOURNAL OF POLITICAL ECONOMY, 1973, 81 (03) :637-654
[2]  
DETEMPLE J, 1986, GENERAL EQUILIBRIUM
[3]   EQUILIBRIUM IN INCOMPLETE MARKETS .2. GENERIC EXISTENCE IN STOCHASTIC ECONOMIES [J].
DUFFIE, D ;
SHAFER, W .
JOURNAL OF MATHEMATICAL ECONOMICS, 1986, 15 (03) :199-216
[4]   EQUILIBRIUM IN INCOMPLETE MARKETS .1. A BASIC MODEL OF GENERIC EXISTENCE [J].
DUFFIE, D .
JOURNAL OF MATHEMATICAL ECONOMICS, 1985, 14 (03) :285-300
[5]   OPTIMALITY OF EQUILIBRIUM WHEN MARKET STRUCTURE IS INCOMPLETE [J].
HART, OD .
JOURNAL OF ECONOMIC THEORY, 1975, 11 (03) :418-443
[6]  
KREPS D, 1979, UNPUB 3 ESSAYS CAPIT
[7]  
MAGILL M, 1985, UNPUB EQUILIBRIUM EF
[8]  
MAGILL MJP, 1984, UNPUB ALLOCATION AGG
[9]  
MCMANNUS D, 1984, UNPUB GENERIC EXISTE
[10]  
MCMANNUS D, 1986, UNPUB OPTIONS EQUILI
12