On trees and logs

DOI10.1016/J.JET.2003.05.001MaRDI QIDQ1877165zbMATH OpenOpenAlexFDO

Authors David Cass, Anna Pavlova

Publication date 16 August 2004

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

Full work available at URL https://doi.org/10.1016/j.jet.2003.05.001

zbMATH Keywords

portfolio constraintsequilibrium theoryLucas tree modelnon-uniqueness of equilibriapeculiar financial equilibrium

Mathematics Subject Classification ID

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Cites work

• scientific article; zbMATH DE number 1095739 (Why is no real title available?)
• A Dynamic Equilibrium Model of International Portfolio Holdings
• Asset Prices in an Exchange Economy
• Characterisation of generically complete real asset structures
• Equilibrium asset prices and exchange rates
• Equilibrium in incomplete markets. I: A basic model of generic existence
• Existence of equilibria with incomplete markets: The case of smooth returns
• Generic inefficiency of stock market equilibrium when markets are incomplete
• On the optimality of equilibrium when the market structure is incomplete
• Optimal Portfolio and Consumption Decisions for a “Small Investor” on a Finite Horizon
• Optimal consumption and portfolio policies when asset prices follow a diffusion process
• Options and sunspots in a simple monetary economy
• Real effects of money in general equilibrium
• The Structure of Financial Equilibrium with Exogenous Yields: The Case of Incomplete Markets

Cited in

(11)

• The Lucas orchard
• Complete and incomplete financial markets in multi-good economies
• Multiplicity in general financial equilibrium with portfolio constraints
• Musings on the Cass trick
• Asset pricing in a Lucas fruit-tree economy with the best and worst in mind
• A few logs suffice to build (almost) all trees. II
• Junior is rich: bequests as consumption
• scientific article; zbMATH DE number 5778173 (Why is no real title available?)
• Rational asset pricing bubbles and portfolio constraints
• International capital markets and redundant securities
• On the strength of some trees

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