Risk-Sharing and Retrading in Incomplete Markets

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dc.contributor.author GOTTARDI, Piero
dc.contributor.author RAHI, Rohit
dc.date.accessioned 2012-01-19T13:26:45Z
dc.date.available 2012-01-19T13:26:45Z
dc.date.issued 2012
dc.identifier.issn 1725-6704
dc.identifier.uri http://hdl.handle.net/1814/20016
dc.description.abstract At a competitive equilibrium of an incomplete-markets economy agents’ marginal valuations for the tradable assets are equalized ex-ante. We characterize the finest partition of the state space conditional on which this equality holds for any economy. This leads naturally to a necessary and sufficient condition on information that would lead to retrade, if such information were to become publicly available after the initial round of trade. en
dc.format.mimetype application/pdf
dc.language.iso en en
dc.relation.ispartofseries EUI ECO en
dc.relation.ispartofseries 2012/03 en
dc.rights info:eu-repo/semantics/openAccess
dc.subject Competitive Equilibrium en
dc.subject Incomplete Markets en
dc.subject Information en
dc.subject Re-trading en
dc.subject D52 en
dc.subject D80 en
dc.title Risk-Sharing and Retrading in Incomplete Markets en
dc.type Working Paper en
dc.neeo.contributor GOTTARDI|Piero|aut|EUI70004
dc.neeo.contributor RAHI|Rohit|aut|
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