On aggregation and representative agent equilibria

DOI10.1016/J.JMATECO.2017.11.006MaRDI QIDQ684175zbMATH OpenOpenAlexFDO

Authors Martin Larsson, Robert A. Jarrow

Publication date 9 February 2018

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2017.11.006

zbMATH Keywords

aggregationRadner equilibriumrepresentative agent

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54) Actuarial science and mathematical finance (91G99) Trade models (91B60) Heterogeneous agent models (91B69)

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Cited in

(17)

• Macro foundations of micro-economics
• Equilibrium pricing of commodity spot and forward under incomplete markets with implications on convenience yield
• Informational efficiency with trading constraints: a characterization
• Asset market equilibrium with liquidity risk
• Behavioral biases and the representative agent
• scientific article; zbMATH DE number 2072544 (Why is no real title available?)
• A representative individual from Arrovian aggregation of parametric individual utilities
• Necessary and sufficient conditions for representative individual existence in a Ramsey-type model
• Concavity, stochastic utility, and risk aversion
• scientific article; zbMATH DE number 16920 (Why is no real title available?)
• Aggregation under homogeneous ambiguity: a two-fund separation result
• A CAPM with trading constraints and price bubbles
• Aggregation of heterogeneous beliefs
• Belief aggregation for representative agent models
• The stochastic field of aggregate utilities and its saddle conjugate
• Discounting and the representative median agent
• Noisy trading in the large market limit

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