Add to ORKGThis paper provides a fairly systematic study of general economic conditions under which rational asset pricing bubbles may arise in an intertemporal competitive equilibrium framework. Our main results are concerned with non-existence of asset pricing bubbles in those economies. These results imply that the conditions under which bubbles are possible inc1uding sorne well-known examples of monetary equilibria-are relatively fragile
Summary. Tirole (1982) is commonly interpreted as proving that bubbles are impossible with finitely ...
The subject of this conference is an esoteric issue in rational expectations, general equilibrium mo...
Latex 27 pages with 3 eps figureWe study and generalize in various ways the model of rational expect...
This paper provides a fairly systematic study of general economic conditions under which rational as...
This paper provides a fairly systematic study of general economic conditions under which rational as...
This article shows that portfolio constraints can give rise to rational asset pricing bubbles in equ...
This paper discusses the existence of a bubble in the pricing of an asset that pays positive dividen...
The solution to a linear model in which supply and/or demand depends on rational expectations of fut...
This article shows that, as long as agents are required to maintain positive wealth, the presence of...
This paper explores the existence of rational bubbles in the pricing of an asset that pays no divide...
We develop a model of rational bubbles, based on the assumptions of an unknown potential market size...
This paper derives a general class of intrinsic rational bubble solutions in a standard Lucas-type a...
The subject of this conference is an esoteric issue in rational expectations, general equilibrium mo...
Tirole (1982) is commonly interpreted as proving that bubbles are impossible with finitely many rati...
Free disposal of equity, which directly rules out the existence of negative rational bubbles in stoc...
Summary. Tirole (1982) is commonly interpreted as proving that bubbles are impossible with finitely ...
The subject of this conference is an esoteric issue in rational expectations, general equilibrium mo...
Latex 27 pages with 3 eps figureWe study and generalize in various ways the model of rational expect...
This paper provides a fairly systematic study of general economic conditions under which rational as...
This paper provides a fairly systematic study of general economic conditions under which rational as...
This article shows that portfolio constraints can give rise to rational asset pricing bubbles in equ...
This paper discusses the existence of a bubble in the pricing of an asset that pays positive dividen...
The solution to a linear model in which supply and/or demand depends on rational expectations of fut...
This article shows that, as long as agents are required to maintain positive wealth, the presence of...
This paper explores the existence of rational bubbles in the pricing of an asset that pays no divide...
We develop a model of rational bubbles, based on the assumptions of an unknown potential market size...
This paper derives a general class of intrinsic rational bubble solutions in a standard Lucas-type a...
The subject of this conference is an esoteric issue in rational expectations, general equilibrium mo...
Tirole (1982) is commonly interpreted as proving that bubbles are impossible with finitely many rati...
Free disposal of equity, which directly rules out the existence of negative rational bubbles in stoc...
Summary. Tirole (1982) is commonly interpreted as proving that bubbles are impossible with finitely ...
The subject of this conference is an esoteric issue in rational expectations, general equilibrium mo...
Latex 27 pages with 3 eps figureWe study and generalize in various ways the model of rational expect...