Bubbles and Charges

The definitions of "fundamental value" and "speculative bubbles" that are standard in macroeconomics and finance are given formal representations as the countably additive part and the purely finitely additive part (a measure and a pure charge, respectively) of the supporting pri...

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Bibliographische Detailangaben
Veröffentlicht in:	International economic review (Philadelphia) 1992-05, Vol.33 (2), p.323-339
Hauptverfasser:	Gilles, Christian, LeRoy, Stephen F.
Format:	Artikel
Sprache:	eng
Schlagworte:	Arbitrage Cash flow Commodities Economic bubbles Economic models Economic theory Economics Endowments Equilibrium Equilibrium prices Fundamental value Macroeconomics Mathematical functions Price systems Sunspots Utility functions
Online-Zugang:	Volltext
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