Stochastic equilibrium discounting (Q1094310): Difference between revisions

From MaRDI portal
Import240304020342 (talk | contribs)
Set profile property.
ReferenceBot (talk | contribs)
Changed an Item
 
Property / cites work
 
Property / cites work: Maximum principle and transversality condition for concave infinite horizon economic models / rank
 
Normal rank
Property / cites work
 
Property / cites work: Q4742671 / rank
 
Normal rank
Property / cites work
 
Property / cites work: Duality theory for dynamic optimization models of economics: The continuous time case / rank
 
Normal rank
Property / cites work
 
Property / cites work: Q5722776 / rank
 
Normal rank
Property / cites work
 
Property / cites work: An Intertemporal General Equilibrium Model of Asset Prices / rank
 
Normal rank
Property / cites work
 
Property / cites work: Stochastic Equilibria: Existence, Spanning Number, and the `No Expected Financial Gain from Trade' Hypothesis / rank
 
Normal rank
Property / cites work
 
Property / cites work: Q5342182 / rank
 
Normal rank
Property / cites work
 
Property / cites work: Information structure and equilibrium asset prices / rank
 
Normal rank
Property / cites work
 
Property / cites work: An Intertemporal General Equilibrium Asset Pricing Model: The Case of Diffusion Information / rank
 
Normal rank
Property / cites work
 
Property / cites work: Q3269535 / rank
 
Normal rank
Property / cites work
 
Property / cites work: Control of diffusion processes in \(\mathbb R^N\) / rank
 
Normal rank
Property / cites work
 
Property / cites work: Asset Prices in an Exchange Economy / rank
 
Normal rank
Property / cites work
 
Property / cites work: Optimum consumption and portfolio rules in a continuous-time model / rank
 
Normal rank

Latest revision as of 12:12, 18 June 2024

scientific article
Language Label Description Also known as
English
Stochastic equilibrium discounting
scientific article

    Statements

    Stochastic equilibrium discounting (English)
    0 references
    0 references
    1987
    0 references
    This paper considers the determination of equilibrium asset prices in an infinite-horizon diffusion model of an exchange economy. It is shown that asset prices can be expressed as properly weighted sums of asset payouts. Equilibrium properties are also investigated under the assumption that the state of the economy follows its invariant distribution.
    0 references
    equilibrium asset prices
    0 references
    infinite-horizon diffusion model
    0 references
    exchange economy
    0 references

    Identifiers