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2000 | OriginalPaper | Buchkapitel

Imperfect Information and Complete Asset Markets in Continuous Time

verfasst von : Dr. Frank Riedel

Erschienen in: Imperfect Information and Investor Heterogeneity in the Bond Market

Verlag: Physica-Verlag HD

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This chapter is, first, an introduction to the theory of financial markets in continuous time. The framework is laid out for the applications to the theory of interest rates in the following chapters. Furthermore, I present two extensions of the established theory. The first is of a technical nature, concerned with removing a boundedness assumption made up to now in the pertinent literature, and the second is to demonstrate how imperfect information, in this setting, leads to complete asset markets.

Metadaten
Titel
Imperfect Information and Complete Asset Markets in Continuous Time
verfasst von
Dr. Frank Riedel
Copyright-Jahr
2000
Verlag
Physica-Verlag HD
DOI
https://doi.org/10.1007/978-3-642-57663-8_2