Effects of financial innovations on market volatility when beliefs are heterogeneous
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Publication:1128635
DOI10.1016/S0165-1889(97)00076-6zbMATH Open0899.90039MaRDI QIDQ1128635FDOQ1128635
Authors: Fernando Zapatero 
Publication date: 13 August 1998
Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)
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Cites Work
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- The Consumption-Based Capital Asset Pricing Model
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Cited In (22)
- Excess price volatility and financial innovation
- Heterogeneous beliefs, asset prices, and volatility in a pure exchange economy
- Discounting and divergence of opinion
- Incomplete information equilibria: separation theorems and other myths
- Heterogeneous beliefs and asset pricing in discrete time: an analysis of pessimism and doubt
- Financial leverage and market volatility with diverse beliefs
- Aggregation of heterogeneous beliefs
- Belief aggregation for representative agent models
- A theory of optimal timing and selectivity
- A model of dynamic equilibrium asset pricing with heterogeneous beliefs and extraneous risk
- Cross-sectional asset pricing with heterogeneous preferences and beliefs
- New financial markets: who gains and who loses
- The heterogeneous expectations hypothesis: Some evidence from the lab
- Consumption-based CAPM with belief heterogeneity
- Heterogeneous beliefs, monetary policy, and stock price volatility
- Ambiguity, asset prices, and excess volatility in a pure-exchange economy
- Survival in speculative markets
- A two-person dynamic equilibrium under ambiguity
- The behavior of individual and aggregate stock prices
- Dynamic effects of increasing heterogeneity in financial markets
- Equilibrium asset prices and exchange rates
- Diverse beliefs
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