Intrinsic bubbles and asset price volatility

DOI10.1007/BF01213851MaRDI QIDQ1367710zbMATH OpenFDO

Authors Burkhard Drees, Bernhard Eckwert

Publication date 1 October 1997

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/BF01213851

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

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Cites work

• Assessing Dynamic Efficiency: Theory and Evidence
• Asset Bubbles and Overlapping Generations
• Asset Prices in an Exchange Economy
• Capital asset pricing in an overlapping generations model
• Characterizing efficiency in stochastic overlapping generations models
• Comparative Dynamics and Risk Premia in an Overlapping Generations Model
• Conditional Pareto optimality of stationary equilibrium in a stochastic overlapping generations model
• Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models
• Dynamic efficiency in overlapping generations models with stochastic production
• Existence and optimality of currency equilibrium in stochastic overlapping generations models: The pure endowment case
• Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models
• scientific article; zbMATH DE number 3357080 (Why is no real title available?)
• Inflation and Asset Prices in an Exchange Economy
• Informational diversity over time and optimality of monetary equilibria
• On the Possibility of Price Decreasing Bubbles
• Optimality of Stationary Asset Equilibria Under A Stochastic Inflation Tax
• Stationary Pareto optimality of stochastic asset equilibria with overlapping generations
• Temporal Resolution of Uncertainty and Dynamic Choice Theory
• The Present-Value Relation: Tests Based on Implied Variance Bounds
• The role of money in supporting the Pareto optimality of competitive equilibrium in consumption-loan type models

Cited in

(6)

• Fundamentals and bubbles in asset prices: Evidence from U.S. and Japanese asset prices
• Price volatility and risk with non-separability of preferences
• Fundamental bubbles in equity markets
• Asset price volatility and price extrema
• Asset price volatility and banks
• scientific article; zbMATH DE number 5249361 (Why is no real title available?)

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