Incomplete markets
id:
incomplete-markets-202-4137733
title:
Incomplete markets
text:
In economics, incomplete markets are markets in which there does not exist an Arrow–Debreu security for every possible state of nature. In contrast with complete markets, this shortage of securities will likely restrict individuals from transferring the desired level of wealth among states. An Arrow security purchased or sold at date t is a contract promising to deliver one unit of income in one of the possible contingencies which can occur at date t + 1. If at each date-event there exists a com
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Incomplete_markets
date created:
date modified:
2023-01-20T20:58:11Z
main entity:
{"identifier":"Q6015174","url":"https://www.wikidata.org/entity/Q6015174"}
image:
fields total:
13
integrity:
13