Complete and Competitive Financial Markets in a Complex World

21 Pages Posted: 11 Mar 2020

See all articles by Gianluca Cassese

Gianluca Cassese

Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS)

Date Written: March 11, 2020

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 an extension to be possible.

JEL Classification: G10, G12

Suggested Citation

Cassese, Gianluca, Complete and Competitive Financial Markets in a Complex World (March 11, 2020). University of Milan Bicocca Department of Economics, Management and Statistics Working Paper No. 435, Available at SSRN: https://ssrn.com/abstract=3552528 or http://dx.doi.org/10.2139/ssrn.3552528

Gianluca Cassese (Contact Author)

Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) ( email )

Piazza dell'Ateneo Nuovo, 1
Milan, 20126
Italy

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