Dynamically-complete markets under Brownian motion: Online supplementary appendix

22 Pages Posted: 30 Aug 2019

See all articles by Theodoros Diasakos

Theodoros Diasakos

University of Stirling - Department of Economics

Date Written: June 11, 2019

Abstract

In this document, we provide the background results that support some of the arguments made
in the main text. We also present an example of a financial market which is part of a single-commodity, pure-exchange economy with many heterogenous agents where our sufficiency conditions ensure not only that the market is dynamically complete but also that the agents' portfolios are (everywhere) locally bounded.

Keywords: Dynamically-complete markets, Brownian motion, asset-pricing

JEL Classification: G1

Suggested Citation

Diasakos, Theodoros, Dynamically-complete markets under Brownian motion: Online supplementary appendix (June 11, 2019). Available at SSRN: https://ssrn.com/abstract=3443126 or http://dx.doi.org/10.2139/ssrn.3443126

Theodoros Diasakos (Contact Author)

University of Stirling - Department of Economics ( email )

Stirling, FK9 4LA
United Kingdom

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