Game contingent claims in complete and incomplete markets
Article Abstract:
A game contingent claim contract with kifer (zero-sum) and a generalized approach (non-zero-sum) stopping games for incomplete and complete markets are discussed. The game contract mainly helps to enable both the buyer and seller to terminate contract before maturity.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2004
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Convergence to competitive equilibria and elimination of no-trade (in a strategic market game with limit prices)
Article Abstract:
The strategic market game with limit prices and its nash equilibrium allocations that are mainly used to converge to the set containing all competitive equilibria and no-trade equilibria during the replication period of players are discussed.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2004
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A strategic market game with limit prices
Article Abstract:
No-trade equlibria is an important concept while dealing with commodity markets. A novel market game based on the limit-price mechanism of Mertens, to avoid the state of no-trade equlibria is studied in detail.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2003
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