haku: @author Woodford, M. / yhteensä: 7
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| Tekijä: | Santos, M. S. Woodford, M. |
| Otsikko: | Rational asset pricing bubbles |
| Lehti: | Econometrica
1997 : JAN, VOL. 65:1, p. 19-57 |
| Asiasana: | MONEY INCOMPLETE MARKETS RATIONAL EXPECTATIONS BUBBLES PRICING ASSETS |
| Kieli: | eng |
| Tiivistelmä: | This is a study of general economic conditions under which rational asset pricing bubbles may arise in an intertemporal competitive equilibrium framework. The main results are concerned with nonexistence of bubbles in those economies and they imply that the conditions under which these asset pricing bubbles are possible are rather fragile. |
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