Risque microeconomique et prix d'actifs dans un modele d'equilibre general avec esperance d'utilite dependante du rang

Jean-Marc Tallon

Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1)

Abstract: We study a general equilibrium model with micro-economic risk in which agents maximize an rand-dependent-expected-utility. Financial markets are complete. Under the assumption of weak risk aversion, all agents are prefectly insured at equilibrium. If, furthermore, agents are strongly risk averse, assets prices are indeterminate. We characterize the set of equilibrium asset prices.

Keywords: GENERAL; EQUILIBRIUM (search for similar items in EconPapers)
JEL-codes: D58 (search for similar items in EconPapers)
Pages: 16 pages
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (9)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Risque microéconomique et prix d'actifs dans un modèle d'équilibre général avec espérance d'utilité dépendante du rang (1997)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:pariem:96.94

Access Statistics for this paper

More papers in Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1) France; Universite de Paris I - Pantheon- Sorbonne, 12 Place de Pantheon-75005 Paris, France. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel (krichel@openlib.org).