Skip to Main content Skip to Navigation
Other publications

On the rank of payoff matrices with long-term assets

Abstract : We consider a stochastic financial exchange economy with a finite date-event tree representing time and uncertainty and a nominal financial structure with possibly long-term assets. We exhibit a sufficient condition under which the payoff matrix and the full payoff matrix have the same rank. This generalizes previous results of Angeloni-Cornet and Magill-Quinzii involving only short-term assets. We then derive existence results with assumptions only based on the fundamentals of the economy.
Complete list of metadata

Cited literature [5 references]  Display  Hide  Download
Contributor : Lucie Label Connect in order to contact the contributor
Submitted on : Thursday, January 12, 2012 - 12:00:53 PM
Last modification on : Wednesday, November 17, 2021 - 12:32:52 PM
Long-term archiving on: : Friday, April 13, 2012 - 2:25:20 AM


Files produced by the author(s)


  • HAL Id : halshs-00659183, version 1


Jean-Marc Bonnisseau, Achis Chery. On the rank of payoff matrices with long-term assets. 2011. ⟨halshs-00659183⟩



Record views


Files downloads