Dividend paying assets, the unit root property, and suboptimality

DOI10.1016/J.JMATECO.2008.09.002MaRDI QIDQ845601zbMATH OpenOpenAlexFDO

Authors Subir Chattopadhyay, Antonio Jimenez-Martinez

Publication date 29 January 2010

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2008.09.002

zbMATH Keywords

dividend paying assetsoptimalitystationary equilibriumstochastic OLGunit root property

Mathematics Subject Classification ID

Special types of economic equilibria (91B52)

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Cites work

• Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models
• Equilibrium in dynamic models with an infinity of agents
• Matrix Analysis
• On optimality in intergenerational risk sharing
• Optimality in stochastic OLG models: theory for tests
• Optimality, the interaction of spot and futures markets, and the nonneutrality of money in the Lucas model
• Rational Asset Pricing Bubbles
• Social Security and Demographic Shocks
• Stationary Equilibria with Incomplete Markets and Overlapping Generations
• Stationary monetary equilibria in overlapping generations models with incomplete markets
• Stochastic OLG models, market structure, and optimality

Cited in

(4)

• Trade using assets divisible at a cost
• The unit root property and optimality with a continuum of states -- pure exchange
• Asset price-GDP cross feedback. The role of dividend policies in a dynamic setting
• The unit root property and optimality: A simple proof

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