Optimists and pessimists in (in)complete markets
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DOI: 10.2139/ssrn.2356502
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More about this item
Keywords
market (in)completeness; heterogeneous beliefs; jumps in the longrungrowth rate; jumps in aggregate consumption; recursive preferences;All these keywords.
JEL classification:
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
NEP fields
This paper has been announced in the following NEP Reports:- NEP-UPT-2019-07-15 (Utility Models and Prospect Theory)
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