Cass transversality condition and sequential asset bubbles

B-Tier
Journal: Economic Theory
Year: 2004
Volume: 24
Issue: 3
Pages: 645-663

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The objective of this paper is to illustrate the connection existing between the asymptotic value of a certain random series and the absence of asset pricing valuation bubbles in stochastic economies with sequential markets. This series, in turn, is closely related to the one proposed by Cass to characterize efficient accumulation paths in Solow models. Copyright Springer-Verlag Berlin/Heidelberg 2004

Technical Details

RePEc Handle
repec:spr:joecth:v:24:y:2004:i:3:p:645-663
Journal Field
Theory
Author Count
1
Added to Database
2026-01-26