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Super-replication in economies with imperfect financial markets

TESIS PARA OPTAR AL GRADO DE Magíster de Economía / This article addresses equilibrium existence in an in nite horizon economy with in-
complete markets and endogenous credit segmentation. We do not restrict consumption allocation
to be bounded and we do not impose uniform impatience on preferences. Our equilibrium results
consider a general framework of positive net supply assets, and introduce short-lived securities
in zero net supply through a super-replication property proposed in the literature of two-period
economies with nancial segmentation.

Identiferoai:union.ndltd.org:UCHILE/oai:repositorio.uchile.cl:2250/164080
Date07 1900
CreatorsJaar Michea, Daniel
ContributorsTorres-Martínez, Juan Pablo
PublisherUniversidad de Chile
Source SetsUniversidad de Chile
LanguageEnglish
Detected LanguageEnglish
TypeTesis
RightsAttribution-NonCommercial-NoDerivs 3.0 Chile, http://creativecommons.org/licenses/by-nc-nd/3.0/cl/

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