- 1 Introduction
- 2 The economy
- A. Information structure
- B. Securities market
- C. Agents
- D. Trading strategies and feasible plans
- E. Equilibrium
- 3 Optimality and equilibrium
- A. Individual optimality
- B. Characterization of equilibrium
- 4 Equilibrium pricing bubbles
- A. Characterization
- B. Bubbles and multiplicity of equilibria
- 5 Limited market participation
- A. The economy
- B. Equilibrium
- C. Comparative static analysis
- 6 Multiplicity in a two stocks model
- A. The economy
- B. Existence and multiplicity of equilibria
- 7 Conclusion
- A Technical results
- B Proofs
- References
Persistent link: https://www.econbiz.de/10005868914