Matches in SemOpenAlex for { <https://semopenalex.org/work/W3122081107> ?p ?o ?g. }
Showing items 1 to 95 of
95
with 100 items per page.
- W3122081107 endingPage "128" @default.
- W3122081107 startingPage "110" @default.
- W3122081107 abstract "The purpose of this paper, which takes up after D. Cass (1984a, 1984b) is to find the degree of real indeterminacy inherent in models with purely financial assets. We solve the problem for the case where there are enough traders (precisely, the number of traders is larger than the number of bonds) and the asset returns structure is in general position. We find that if the number of bonds is non-zero and fewer than the number of states then, generically, the number of dimensions of real indeterminacy is S-1, one less than the number of states. There is something of a surprise in the above result, namely the dimension of real indeterminacy does not depend on the number of bonds (except in the two limit cases). Indeed one initial conjecture was S-B. This points to an intriguing qualitative discontinuity at the complete market configuration. If markets are financially complete then the model is determinate. Let just one bond be missing and the model become highly indeterminate. Thus, in this sense, the complete markets hypothesis lacks robustness." @default.
- W3122081107 created "2021-02-01" @default.
- W3122081107 creator A5027108435 @default.
- W3122081107 creator A5044549130 @default.
- W3122081107 date "2016-12-31" @default.
- W3122081107 modified "2023-10-11" @default.
- W3122081107 title "6. Real Indeterminacy with Financial Assets" @default.
- W3122081107 doi "https://doi.org/10.4159/9780674915343-007" @default.
- W3122081107 hasPublicationYear "2016" @default.
- W3122081107 type Work @default.
- W3122081107 sameAs 3122081107 @default.
- W3122081107 citedByCount "62" @default.
- W3122081107 countsByYear W31220811072012 @default.
- W3122081107 countsByYear W31220811072013 @default.
- W3122081107 countsByYear W31220811072014 @default.
- W3122081107 countsByYear W31220811072015 @default.
- W3122081107 countsByYear W31220811072017 @default.
- W3122081107 countsByYear W31220811072018 @default.
- W3122081107 countsByYear W31220811072020 @default.
- W3122081107 countsByYear W31220811072021 @default.
- W3122081107 countsByYear W31220811072022 @default.
- W3122081107 crossrefType "book-chapter" @default.
- W3122081107 hasAuthorship W3122081107A5027108435 @default.
- W3122081107 hasAuthorship W3122081107A5044549130 @default.
- W3122081107 hasConcept C10138342 @default.
- W3122081107 hasConcept C104317684 @default.
- W3122081107 hasConcept C106159729 @default.
- W3122081107 hasConcept C114614502 @default.
- W3122081107 hasConcept C121332964 @default.
- W3122081107 hasConcept C144237770 @default.
- W3122081107 hasConcept C15744967 @default.
- W3122081107 hasConcept C162324750 @default.
- W3122081107 hasConcept C185592680 @default.
- W3122081107 hasConcept C19244329 @default.
- W3122081107 hasConcept C202444582 @default.
- W3122081107 hasConcept C2777366796 @default.
- W3122081107 hasConcept C2780343955 @default.
- W3122081107 hasConcept C33676613 @default.
- W3122081107 hasConcept C33923547 @default.
- W3122081107 hasConcept C55493867 @default.
- W3122081107 hasConcept C62520636 @default.
- W3122081107 hasConcept C63479239 @default.
- W3122081107 hasConcept C69738904 @default.
- W3122081107 hasConcept C77805123 @default.
- W3122081107 hasConcept C94624232 @default.
- W3122081107 hasConceptScore W3122081107C10138342 @default.
- W3122081107 hasConceptScore W3122081107C104317684 @default.
- W3122081107 hasConceptScore W3122081107C106159729 @default.
- W3122081107 hasConceptScore W3122081107C114614502 @default.
- W3122081107 hasConceptScore W3122081107C121332964 @default.
- W3122081107 hasConceptScore W3122081107C144237770 @default.
- W3122081107 hasConceptScore W3122081107C15744967 @default.
- W3122081107 hasConceptScore W3122081107C162324750 @default.
- W3122081107 hasConceptScore W3122081107C185592680 @default.
- W3122081107 hasConceptScore W3122081107C19244329 @default.
- W3122081107 hasConceptScore W3122081107C202444582 @default.
- W3122081107 hasConceptScore W3122081107C2777366796 @default.
- W3122081107 hasConceptScore W3122081107C2780343955 @default.
- W3122081107 hasConceptScore W3122081107C33676613 @default.
- W3122081107 hasConceptScore W3122081107C33923547 @default.
- W3122081107 hasConceptScore W3122081107C55493867 @default.
- W3122081107 hasConceptScore W3122081107C62520636 @default.
- W3122081107 hasConceptScore W3122081107C63479239 @default.
- W3122081107 hasConceptScore W3122081107C69738904 @default.
- W3122081107 hasConceptScore W3122081107C77805123 @default.
- W3122081107 hasConceptScore W3122081107C94624232 @default.
- W3122081107 hasLocation W31220811071 @default.
- W3122081107 hasOpenAccess W3122081107 @default.
- W3122081107 hasPrimaryLocation W31220811071 @default.
- W3122081107 hasRelatedWork W1517605336 @default.
- W3122081107 hasRelatedWork W1585447367 @default.
- W3122081107 hasRelatedWork W1641052329 @default.
- W3122081107 hasRelatedWork W1988435270 @default.
- W3122081107 hasRelatedWork W2017032521 @default.
- W3122081107 hasRelatedWork W2033462745 @default.
- W3122081107 hasRelatedWork W2042391126 @default.
- W3122081107 hasRelatedWork W2048191805 @default.
- W3122081107 hasRelatedWork W2055893429 @default.
- W3122081107 hasRelatedWork W2061757749 @default.
- W3122081107 hasRelatedWork W2082012690 @default.
- W3122081107 hasRelatedWork W2101858234 @default.
- W3122081107 hasRelatedWork W2102219018 @default.
- W3122081107 hasRelatedWork W2148661510 @default.
- W3122081107 hasRelatedWork W2160816123 @default.
- W3122081107 hasRelatedWork W2161071242 @default.
- W3122081107 hasRelatedWork W272599836 @default.
- W3122081107 hasRelatedWork W3121151335 @default.
- W3122081107 hasRelatedWork W3125285574 @default.
- W3122081107 hasRelatedWork W2070264140 @default.
- W3122081107 isParatext "false" @default.
- W3122081107 isRetracted "false" @default.
- W3122081107 magId "3122081107" @default.
- W3122081107 workType "book-chapter" @default.