Robust asset prices with bubbles

被引:0
|
作者
Burke, JL
机构
[1] Economics Department, University of Texas, Austin
关键词
asset; bubbles; robust;
D O I
10.1016/0165-1765(95)00765-2
中图分类号
F [经济];
学科分类号
02 ;
摘要
We generally establish equilibrium asset prices than can include price bubbles yet (a) be robust to truncations of the economy and (b) exclude trade in non-consumables, like money, stock certificates, or land deeds.
引用
收藏
页码:349 / 354
页数:6
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