Showing 1 - 10 of 78
Persistent link: https://www.econbiz.de/10003766330
Persistent link: https://www.econbiz.de/10003327445
Persistent link: https://www.econbiz.de/10003881152
Persistent link: https://www.econbiz.de/10003948855
This paper analyzes the expected life-time utility and the hedging demands in an exchange only, representative agent general equilibrium under incomplete information. We derive an expression for the investor's expected life-time utility, and analyze his hedging demands for intertemporal changes...
Persistent link: https://www.econbiz.de/10003394292
This paper analyzes the term structure of interest rates in an exchange-only Lucas (1978) economy where consumers learn about a stochastic growth rate through observations of the endowment process and an external public signal. We allow for deluded consumers, who exaggerate the degree of...
Persistent link: https://www.econbiz.de/10003394320
Persistent link: https://www.econbiz.de/10002831657
Persistent link: https://www.econbiz.de/10002609444
Persistent link: https://www.econbiz.de/10002609475
Persistent link: https://www.econbiz.de/10009739601