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Abstract

We find equilibrium stock prices and interest rates in a representative-agent model with uncertain dividends' growth, gradually revealed by dividends themselves, where asset prices are rational -- reflect current... [ view full abstract ]

Authors

  1. Maxim Bichuch (Johns Hopkins University)
  2. Paolo Guasoni (Dublin City University)

Topic Areas

Equilibrium Models , Information Models

Session

TU-A-UI » Equilibria: Heterogenous Preferences & Information, Learning & Reference Dependence (11:30 - Tuesday, 17th July)

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