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.language.iso en en
dc.relation.ispartofseries EUI ECO en
dc.relation.ispartofseries 2012/03 en
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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