Krep's "Three Essays on Capital Markets" Almost Ten Years Later

Marimon, Ramon2009-12-082009-12-081987-11Marimon, R., (1987), "Krep's "Three Essays on Capital Markets" Almost Ten Years Later", Discussion Paper No. 245, Center for Economic Research, Department of Economics, University of Minnesota.https://hdl.handle.net/11299/55523A short overview of research on incomplete financial markets. I follow the development of the themes discussed in Kreps's "Three Essays ... " from 1979 to 1987.en-USIncomplete marketsIndeterminacyConstrained optimalitySpanningMartingale grassmanian manifoldPlanning Models; Planning PolicyProject AnalysisDevelopment Planning and Policy: OtherKrep's "Three Essays on Capital Markets" Almost Ten Years LaterWorking Paper