Consumption dynamics in general equilibrium: a characterisation when markets are incomplete

DOI10.1016/J.JET.2010.03.007MaRDI QIDQ617671zbMATH OpenOpenAlexFDO

Authors Subir Chattopadhyay, Pablo F. Beker

Publication date 13 January 2011

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

Full work available at URL https://ageconsearch.umn.edu/record/271187/files/twerp_921.pdf

zbMATH Keywords

survivalconsumptiongeneral equilibriumasset pricesmarket selection hypothesisdynamically incomplete markets

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economic dynamics (91B55)

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Cites work

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• A characterization of Ramsey equilibrium
• An Asymtotic Theory of Bayesian Inference for Time Series
• An integration of equilibrium theory and turnpike theory
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• Bayesian Representation of Stochastic Processes under Learning: de Finetti Revisited
• Belief heterogeneity and survival in incomplete markets
• Consumption dynamics in general equilibrium: a characterisation when markets are incomplete
• Dept constraints and equilibrium in infinite horizon economies with incomplete markets
• Do Markets Favor Agents able to Make Accurate Predictions?
• Does Market Incompleteness Matter?
• If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
• Infinite Horizon Incomplete Markets
• Market selection when markets are incomplete
• Non-existence of recursive equilibria on compact state spaces when markets are incomplete.
• RECURSIVE EQUILIBRIA IN ECONOMIES WITH INCOMPLETE MARKETS
• Rational Asset Pricing Bubbles
• Stationary Markov Equilibria
• Stationary Ramsey equilibria under uncertainty
• Testable implications of consumption-based asset pricing models with incomplete markets.
• The dynamics of efficient asset trading with heterogeneous beliefs
• Utility over time: The homothetic case

Cited in

(15)

• Market selection with an endogenous state
• Survival with ambiguity
• Belief heterogeneity and survival in incomplete markets
• The market organism: Long-run survival in markets with heterogeneous traders
• Are biased beliefs fit to survive? An experimental test of the market selection hypothesis
• scientific article; zbMATH DE number 5300054 (Why is no real title available?)
• GENERAL AND PARTIAL EQUILIBRIA IN A CONSUMPTION ECONOMY
• On the influence of the price dependence of a goods consumption structure on the equilibrium of an economy
• Survival in speculative markets
• Long-run heterogeneity in an exchange economy with fixed-mix traders
• The long-run behavior of consumption and wealth dynamics in complete financial market with heterogeneous investors
• Incomplete financial markets and jumps in asset prices
• Consumption dynamics in general equilibrium: a characterisation when markets are incomplete
• Market selection
• Momentum and reversal in financial markets with persistent heterogeneity

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