تقرير
A Note on Equity Premia in Markets with Heterogeneous Agents
| العنوان: | A Note on Equity Premia in Markets with Heterogeneous Agents |
|---|---|
| المؤلفون: | Chudjakow, Tatjana |
| بيانات النشر: | Center for Mathematical Economics |
| سنة النشر: | 2011 |
| المجموعة: | PUB - Publications at Bielefeld University |
| مصطلحات موضوعية: | Ambiguity, Partial Equilibrium, Heterogeneous Agents, No- Trade Interval, ddc:330 |
| الوصف: | Chudjakow T. A Note on Equity Premia in Markets with Heterogeneous Agents . Working Papers. Institute of Mathematical Economics. Vol 444. Bielefeld: Center for Mathematical Economics; 2011. ; We analyze a static partial equilibrium model where the agents are not only heterogeneous in their beliefs about the return on risky assets but also in their attitude to it. While some agents in the economy are subjective utility maximizers others behave ambiguity averse in the sense of Knight (1921). If ambiguity averse agents meet overly optimistic subjective utility maximizers in the market lower equity premia can arise in the equilibrium than in a purely subjective utility framework. |
| نوع الوثيقة: | report |
| اللغة: | English |
| العلاقة: | info:eu-repo/semantics/altIdentifier/issn/0931-6558; https://nbn-resolving.org/urn:nbn:de:0070-pub-29000467Test; https://pub.uni-bielefeld.de/record/2900046Test; https://pub.uni-bielefeld.de/download/2900046/2900048Test |
| الإتاحة: | https://nbn-resolving.org/urn:nbn:de:0070-pub-29000467Test https://pub.uni-bielefeld.de/record/2900046Test https://pub.uni-bielefeld.de/download/2900046/2900048Test |
| حقوق: | info:eu-repo/semantics/openAccess ; https://rightsstatements.org/vocab/InC/1.0Test/ |
| رقم الانضمام: | edsbas.CD4D18EF |
| قاعدة البيانات: | BASE |
| الوصف غير متاح. |