Abstract
In the context of continuous-time financial markets, the equilibrium problem is to build a model in which security prices are determined by the law of supply and demand. The primitives in this model are the endowment processes and the utility functions of a finite number of agents.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1998 Springer-Verlag New York, Inc.
About this chapter
Cite this chapter
Karatzas, I., Shreve, S.E. (1998). Equilibrium in a Complete Market. In: Methods of Mathematical Finance. Probability Theory and Stochastic Modelling, vol 39. Springer, New York, NY. https://doi.org/10.1007/978-1-4939-6845-9_4
Download citation
DOI: https://doi.org/10.1007/978-1-4939-6845-9_4
Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4939-6814-5
Online ISBN: 978-1-4939-6845-9
eBook Packages: Mathematics and StatisticsMathematics and Statistics (R0)