Uniqueness of asset prices in an exchange economy with unbounded utility

DOI10.1007/s001990050212zbMath0909.90072OpenAlexW3124518158MaRDI QIDQ1128227

Takashi Kamihigashi

Publication date: 10 August 1998

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s001990050212

zbMATH Keywords

bubblesLucas-type asset pricingtwo-period, representative agent economy

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62) Stochastic systems in control theory (general) (93E03)

Related Items (7)

Complex stock price dynamics under Max Weber's spirit of capitalism hypothesis ⋮ Classic rational bubbles and representativeness ⋮ A simple optimality-based no-bubble theorem for deterministic sequential economies with strictly monotone preferences ⋮ Bubble economics ⋮ Stationary bubble equilibria in rational expectation models ⋮ International transmission of bubble crashes in a two-country overlapping generations model ⋮ On fragility of bubbles in equilibrium asset pricing models of Lucas-type

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