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Limited Market Participation and Volatility of Asset Prices.
Allen, F.; Gale, D. - Rodney L. White Center for Financial Research, Wharton … - 1991
Persistent link: https://www.econbiz.de/10005245187
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HOW RATIONAL IS THE MARKET? TESTING ALTERNATIVE HYPOTHESES ON FINANCIAL MARKET EQUILIBRIUM.
LANG, L.H.P.; LITZENBERGER, R.H.; MADRIGAL, V. - Rodney L. White Center for Financial Research, Wharton … - 1990
Persistent link: https://www.econbiz.de/10005245290
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An Equilibrium Model with Restricted Stock Market Participation.
Basak, S; Cuoco, D - Rodney L. White Center for Financial Research, Wharton … - 1997
information costs or other types of frictions effectively preventing them from investing in the stock market. Under the assumption … characterisation of equilibrium prices and consumption/investment policies is provided. …
Persistent link: https://www.econbiz.de/10005245300
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Currency Prices, the Nominal Exchange Rate, and Security Prices in a Two Country Dynamic Monetary Equilibrium
Basak, S.; Gallmeyer, M. - Rodney L. White Center for Financial Research, Wharton … - 1998
rate. Characterizations are provided for equilibrium prices for general time-additive preferences and non …
Persistent link: https://www.econbiz.de/10005245308
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Limited Market Participation and Volatility of Asset Prices.
Gale, D.; Allen, F. - Rodney L. White Center for Financial Research, Wharton … - 1991
Persistent link: https://www.econbiz.de/10005245310
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Stock Price Manipulation, Market Microstructure and Asymetric Information.
Allen, F.; Gorton, G. - Rodney L. White Center for Financial Research, Wharton … - 1991
Persistent link: https://www.econbiz.de/10005245329
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Capital Market Equilibrium with Differential Taxation
Basak, S.; Gallmeyer, M. - Rodney L. White Center for Financial Research, Wharton … - 1998
This paper stuides the dynamics of equilibrium security prices when agents face differential dividend taxation. We …
Persistent link: https://www.econbiz.de/10005245346
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A Model of Dynamic Equilibrium Asset Pricing with Extraneous Risk.
Basak, S - Rodney L. White Center for Financial Research, Wharton … - 1997
We study the dynamic equilibrium behavior of security prices in an economy where nonfundamental risk arises from agents …
Persistent link: https://www.econbiz.de/10005245353
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THE CRASH OF '87: WAS IT EXPECTED? THE EVIDENCE FROM OPTIONS MARKETS.
BATES, D.S. - Rodney L. White Center for Financial Research, Wharton … - 1990
Persistent link: https://www.econbiz.de/10005245185
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Rational Expectations and Stock Market Bubbles.
Allen, F.; Postlewaite, A. - Rodney L. White Center for Financial Research, Wharton … - 1991
Persistent link: https://www.econbiz.de/10005245186