| dc.creator | KAWAMURA,ENRIQUE | |
| dc.date | 2003-08-01 | |
| dc.date.accessioned | 2020-02-17T15:30:29Z | |
| dc.date.available | 2020-02-17T15:30:29Z | |
| dc.identifier | https://scielo.conicyt.cl/scielo.php?script=sci_arttext&pid=S0717-68212003012000001 | |
| dc.identifier.uri | https://revistaschilenas.uchile.cl/handle/2250/129104 | |
| dc.description | I present an attempt to construct multi-period, finite horizon extensions to the well -known two- period financial innovations literature. I first extend the definition of competitive equilibrium with innovations. It is shown that, with a dominating household type, it is impossible to observe a set of complete Arrow securities with a positive amount issued for each of them in equilibrium, either at the last date or at any date | |
| dc.format | text/html | |
| dc.language | en | |
| dc.publisher | Instituto de Economía, Pontificia Universidad Católica de Chile | |
| dc.relation | 10.4067/S0717-68212003012000001 | |
| dc.rights | info:eu-repo/semantics/openAccess | |
| dc.source | Cuadernos de economía v.40 n.120 2003 | |
| dc.subject | Incomplete Markets | |
| dc.subject | Financial Innovation | |
| dc.subject | Multiperiod Economies | |
| dc.title | FINANCIAL INNOVATION IN MULTI-PERIOD ECONOMIES | |
