search query: @author Willard, G. / total: 3
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| Author: | Loewenstein, M. Willard, G. |
| Title: | Rational equilibrium asset-pricing bubbles in continuous trading models |
| Journal: | Journal of Economic Theory
2000 : MAR, VOL. 91:1, p. 17-58 |
| Index terms: | ECONOMIC THEORY ASSETS PRICING |
| Language: | eng |
| Abstract: | The authors study rational equilibrium asset-pricing bubbles in an economic environment in which agents are allowed to trade continuously, including as special cases some models from financial economics. For positive net supply assets, the authors present new necessary and sufficient conditions for the absence of bubbles in complete and incomplete markets equilibria with several types of borrowing constraints. |
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