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系统工程理论与实践 2000
Spot-Financial Market with Large Characteristics
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Abstract:
In this paper, we give a model of spot\|financial market with measurable space of agents, which has further described the notion of "perfect competition". After the definition of equilibrium for such large economy, we claim the existence of market equilibrium under complete asset structures. Then discuss the problem of representative agent and, accordingly, give the representative agent pricing formula. We have also developed some relevant conclusions of classical spot\|financial market.