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Complete and Competitive Financial Markets in a Complex World

Author

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  • Gianluca Cassese
Abstract
We investigate the possibility of completing  nancial markets in a model with no exogenous probability measure and market imperfections. A necessary and suƒcient condition is obtained for such extension to be possible.

Suggested Citation

  • Gianluca Cassese, 2020. "Complete and Competitive Financial Markets in a Complex World," Working Papers 435, University of Milano-Bicocca, Department of Economics, revised Mar 2020.
    • Handle: RePEc:mib:wpaper:435
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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