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CAM Colloquium - David Easley: Wealth Dynamics and Pareto Optimality in Complete and Incomplete Markets

In a complete markets economy with heterogeneous consumers whether consumers vanish or survive is determined entirely by discount factors and beliefs. All else equal, the (complete) market selects…

From  E. Cornelius on May 15th, 2018 9 plays

CAM Colloquium, 2015-02-06 - David Easley: Wealth Dynamics and Pareto Optimality in Complete and Incomplete Markets

From  E. Cornelius on June 28th, 2017 9 plays