General equilibrium, wariness and efficient bubbles

DOI10.1016/J.JET.2011.01.005MaRDI QIDQ548230zbMATH OpenOpenAlexFDO

Authors Rodrigo Novinski, Aloisio Araujo, Mário R. Páscoa

Publication date 28 June 2011

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

Full work available at URL https://doi.org/10.1016/j.jet.2011.01.005

zbMATH Keywords

ambiguitybubblesgeneral equilibriumpure chargestransversality conditionwariness

Mathematics Subject Classification ID

General equilibrium theory (91B50)

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Cites work

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• An axiomatic approach to complete patience and time invariance
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• Asset price bubbles in Arrow-Debreu and sequential equilibrium
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• Uncertainty, risk-neutral measures and security price booms and crashes

Cited in

(16)

• Optimality conditions and bubbles in sequential economies and bounded relative risk-aversion
• A topological approach to delay aversion
• Hyperopic topologies on \(l^{\infty}\)
• Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints
• Real indeterminacy and dynamics of asset price bubbles in general equilibrium
• Recourse loans and Ponzi schemes
• General equilibrium, preferences and financial institutions after the crisis
• Endogenous discounting, wariness, and efficient capital taxation
• Crashing of efficient stochastic bubbles
• Existence of Walrasian equilibria with discontinuous, non-ordered, interdependent and price-dependent preferences
• Pareto optimality and existence of quasi-equilibrium in exchange economies with an indefinite future
• Rational asset pricing bubbles and debt constraints
• Optimal sharing with an infinite number of commodities in the presence of optimistic and pessimistic agents
• Introduction to incompleteness and uncertainty in economics
• Choquet expected discounted utility
• Effects of wariness on economic growth in overlapping generations models

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