𝔖 Bobbio Scriptorium
✦   LIBER   ✦

ASSET PRICING WITH BORROWING CONSTRAINTS AND EX ANTE HETEROGENEITY

✍ Scribed by LABADIE, PAMELA


Book ID
121210884
Publisher
Cambridge University Press
Year
1997
Tongue
English
Weight
291 KB
Volume
1
Category
Article
ISSN
1365-1005

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πŸ“œ SIMILAR VOLUMES


A model of dynamic equilibrium asset pri
✍ Suleyman Basak πŸ“‚ Article πŸ“… 2000 πŸ› Elsevier Science 🌐 English βš– 244 KB

We study equilibrium security price dynamics in an economy where nonfundamental risk arises from agents' heterogeneous beliefs about extraneous processes. We completely characterize equilibrium in terms of the economic primitives, via a representative agent with stochastic weights. Besides pricing f