Risque microéconomique et prix d'actifs dans un modèle d'équilibre général avec espérance d'utilité dépendante du rang

Jean-Marc Tallon

Post-Print from HAL

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: modèle; d'équilibre; général (search for similar items in EconPapers)
Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Published in Finance, 1997, 18, pp.139-153

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

Related works:
Working Paper: Risque microeconomique et prix d'actifs dans un modele d'equilibre general avec esperance d'utilite dependante du rang (1996)
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:hal:journl:halshs-00502512

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().