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arXiv · 2003.01055

Complete and competitive financial markets in a complex world

Gianluca Cassese
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Abstract

We investigate the possibility of completing financial markets in a model with no exogenous probability measure and market imperfections. A necessary and sufficient condition is obtained for such extension to be possible.

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Gianluca Cassese. 2021-03-16. Complete and competitive financial markets in a complex world. https://doi.org/10.1007/s00780-021-00463-6

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