Coordination and Correlation in Markov Rational Belief Equilibria

M. Kutz and Martin Schneider

Working Papers from Banca Italia - Servizio di Studi

Abstract: This paper studies the effect of correlation in the retional beliefs of agents on the volatility of asset prices.

Keywords: FINANCIAL MARKET; ASSET PRICES (search for similar items in EconPapers)
JEL-codes: G10 G12 (search for similar items in EconPapers)
Pages: 52 pages
Date: 1996
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Citations: View citations in EconPapers (17)

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Journal Article: Coordination and correlation in Markov rational belief equilibria (*) (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:banita:281

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