On the dynamics of stock price bubbles: Comments on a model by Miao and Wang

Gerhard Sorger

Vienna Economics Papers from University of Vienna, Department of Economics

Abstract: We consider the model by Miao and Wang [3], in which the existence of endogenous collateral constraints allows for the existence of stock price bubbles. Whereas Miao and Wang [3] characterize the local dynamics around stationary equilibria only under the assumption of risk neutral households, we extend this characterization to the case of risk aversion.

JEL-codes: E22 E44 G10 (search for similar items in EconPapers)
Date: 2018-07
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Citations: View citations in EconPapers (2)

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Journal Article: On the dynamics of stock price bubbles: comments on a model by Miao and Wang (2020)
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