Complex stock price dynamics under Max Weber's spirit of capitalism hypothesis

DOI10.1007/S00199-016-0969-0MaRDI QIDQ2363422zbMATH OpenOpenAlexFDO

Authors Marco Airaudo

Publication date 19 July 2017

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-016-0969-0

zbMATH Keywords

chaotic dynamicsasset pricingbubblesstatusendogenous cyclesspirit of capitalismwealth preferences

Mathematics Subject Classification ID

Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45) Economic growth models (91B62)

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Cites work

• scientific article; zbMATH DE number 789394 (Why is no real title available?)
• scientific article; zbMATH DE number 3197700 (Why is no real title available?)
• Asset Bubbles and Overlapping Generations
• Asset Prices in an Exchange Economy
• Bubbles and constraints on debt accumulation
• DEFLATIONARY BUBBLES
• Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness
• Endogenous Price Fluctuations in an Optimizing Model of a Monetary Economy
• Interest rate rules, endogenous cycles, and chaotic dynamics in open economies
• Introduction to economic theory of bubbles
• Money and Growth: The Case of Long Run Perfect Foresight
• Necessity of Transversality Conditions for Infinite Horizon Problems
• Optimal Economic Growth and Wealth Effects
• Period Three Implies Chaos
• Prospect theory and asset prices
• Rational Asset Pricing Bubbles
• Self-Control and the Theory of Consumption
• Sunspots and Cycles
• THE SPIRIT OF CAPITALISM, ASSET RETURNS, AND THE BUSINESS CYCLE
• THE WEALTH DISTRIBUTION AND THE DEMAND FOR STATUS
• The Present-Value Relation: Tests Based on Implied Variance Bounds
• The perils of Taylor rules
• Uniqueness of asset prices in an exchange economy with unbounded utility

Cited in

(3)

• Financial destabilization
• THE SPIRIT OF CAPITALISM, ASSET RETURNS, AND THE BUSINESS CYCLE
• Religion in macroeconomics: a quantitative analysis of Weber's thesis

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