Asset prices and the distribution of wealth

Economics Letters

Volumn 64, Issue 2, 1999, Pages 203-207

  Sandroni, Alvaro ^a  

^a NORTHWESTERN UNIVERSITY   (United States)

Author keywords

Asset prices; G12; Heterogeneous agents; Wealth distribution

Indexed keywords

EID: 0033444789     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0165-1765(99)00092-0     Document Type: Article

References (4)

1. Denison E. Trends in American Growth 1929-1982. 1985;111 The Brookings Institution, Washington, DC. Table 8.1.
2. Lucas R. Asset prices in an exchange economy. Econometrica. 46:1978;1429-1445.
3. Mehra R., Prescott E. The equity premium: a puzzle. Journal of Monetary Economics. 15:(2):1985;145-161.
4. Sandroni. Learning, rare events, and recurrent market crashes in frictionless economies without intrinsic uncertainty. Journal of Economic Theory. 82:(1):1998;1-18.