کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
966303 930947 2012 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Failure of the index theorem in an incomplete market economy
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
Failure of the index theorem in an incomplete market economy
چکیده انگلیسی
Recently, it was proved that the index of an economy with incomplete real asset markets is typically +1 when the degree of incompleteness, which is defined as the difference between the number of states and the number of securities, is an even number. This paper considers the case where the degree of incompleteness is an odd number and proves that any odd number can be realized as the index of such an economy.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Mathematical Economics - Volume 48, Issue 6, December 2012, Pages 437-444
نویسندگان
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