Incomplete Markets and Incentives to Set Up an Options Exchange*

Author:

Allen Franklin,Gale Douglas

Publisher

Springer Science and Business Media LLC

Subject

Economics and Econometrics,Finance,General Business, Management and Accounting,Accounting,Economics and Econometrics,Finance,Business, Management and Accounting (miscellaneous),Accounting

Reference8 articles.

1. ALLEN, F. and GALE, D. [1988a]: ?Optimal Security Design,?Review of Financial Studies 1, 229?263.

2. ALLEN F. and GALE D. [1988b]: ?Arbitrage, Short Sales and Financial Innovation,? Rodney L. White Center Working Paper 10?89, University of Pennsylvania.

3. GEANAKOPLOS, J. and POLEMARCHAKIS, H. [1987]: ?Existence, Regularity, and Constrained Suboptimality of Competitive Portfolio Allocations when the Asset Market is Incomplete,? inUncertainty, Information, and Communication: Essays in Honor of Kenneth J. Arrow, Vol. 3, ed. by Walter Heller et. al., Cambridge University Press, Cambridge, MA.

4. GREEN, R. C. and JARROW, R. A. [1987]: ?Spanning and Completeness in Markets with Contingent Claims, ?Journal of Economic Theory 41, 202?210.

5. GREEN, R. C. and SPEAR, S. E. [1987]: ?Equilibria in Large Commodity Spaces with Incomplete Financial Markets,? mimeo, Carnegie-Mellon University.

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