Bubbles as payoffs at infinity

DOI10.1007/s001990050123zbMath0871.90019OpenAlexW4300524497MaRDI QIDQ1357432

Christian Gilles, Stephen F. LeRoy

Publication date: 7 July 1997

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

Full work available at URL: http://www.federalreserve.gov/pubs/feds/1996/199609/199609pap.pdf

zbMATH Keywords

rational bubblesinfinite horizon arbitrage-free model

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62)

Related Items (4)

Coherent risk measures in general economic models and price bubbles ⋮ An approach to the absence of price bubbles through state-price deflators ⋮ Asset pricing in an imperfect world ⋮ A dynamical systems model of price bubbles and cycles

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