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Price adjustment models in a production economy

โœ Scribed by C. Weddepohl


Book ID
110380249
Publisher
Springer US
Year
1999
Tongue
English
Weight
235 KB
Volume
89
Category
Article
ISSN
0254-5330

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โœ Torben M. Andersen; Niels Lynggรฅrd Hansen ๐Ÿ“‚ Article ๐Ÿ“… 1995 ๐Ÿ› Springer US ๐ŸŒ English โš– 875 KB
Security prices in a production economy
โœ Kenneth F. Wieand ๐Ÿ“‚ Article ๐Ÿ“… 1989 ๐Ÿ› Springer US ๐ŸŒ English โš– 961 KB

Security prices and physical stocks of capital are determined jointly in a rational expectations economy as functions of a set of exogenous stochastic factors. Investors employ firm marginal productivity of capital to allocate savings across firms. Firm capital stocks adjust to exogenous shocks acro