Preference heterogeneity and asset prices: An exact solution

Keyphrases

• Asset Prices 100%
• Dividends 50%
• Equilibrium Interest Rate 50%
• Exact Solutions 100%
• General Equilibrium Model 50%
• Individual Investors 50%
• Market Decline 50%
• Market Risk 50%
• Multi-agent 50%
• Preference Heterogeneity 100%
• Premium Market 50%
• Pure Exchange Economy 50%
• Relative Wealth 50%
• Representative Agent 50%
• Risk Aversion 100%
• Risk Premium 50%
• Risk Sharing 50%
• State of the Economy 50%
• Stock Market 50%
• Stock Market Volatility 50%
• Volatility 100%
• Wealth Distribution 50%

Economics, Econometrics and Finance

• Wealth Distribution 33%