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Heterogeneous beliefs and routes to chaos in a simple asset pricing model

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  • Brock, William A.
  • Hommes, Cars H.

Abstract

This paper investigates the dynamics in the simple present discounted value asset pricing model with heterogeneous beliefs.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Brock, William A. & Hommes, Cars H., 1998. "Heterogeneous beliefs and routes to chaos in a simple asset pricing model," Journal of Economic Dynamics and Control, Elsevier, vol. 22(8-9), pages 1235-1274, August.
    • Handle: RePEc:eee:dyncon:v:22:y:1998:i:8-9:p:1235-1274
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    More about this item

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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