Incomplete-Market Equilibria Solved Recursively on an Event Tree

Material TypeArticleLanguageEnglish
TitleIncomplete-Market Equilibria Solved Recursively on an Event Tree Author(S)BERNARD DUMAS (Author)
Abstract  Because of non-traded human capital, real-world financial markets are massively incomplete, while the modeling of imperfect, dynamic financial markets remains a wide-open and difficult field. ...Paginationp 1897–1941
SubjectEconomicsDescriptorsEconomics
Journal TitleThe Journal of Finance  
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