Asset Prices in an Exchange Economy

@article{lucas-78, abstract = {This paper is a theoretical examination of the stochastic behavior of equilibrium asset prices in a one-good, pure exchange economy with identical consumers. A general method of constructing equilibrium prices is developed and applied to a series of examples.}, author = {Lucas, Robert E.}, citeulike-article-id = {116225}, doi = {10.2307/1913837}, journal = {Econometrica}, keywords = {aarmacro, asset\_pricing, macroeconomics, seminal}, number = {6}, pages = {1429--1445}, posted-at = {2005-03-07 11:08:03}, priority = {3}, title = {Asset Prices in an Exchange Economy}, url = {http://dx.doi.org/10.2307/1913837}, volume = {46}, year = {1978} }

TY - JOUR ID - lucas-78 L3 - citeulike-article-id:116225 N2 - This paper is a theoretical examination of the stochastic behavior of equilibrium asset prices in a one-good, pure exchange economy with identical consumers. A general method of constructing equilibrium prices is developed and applied to a series of examples. IS - 6 JF - Econometrica EP - 1445 TI - Asset Prices in an Exchange Economy VL - 46 SP - 1429 KW - aarmacro KW - asset_pricing KW - macroeconomics KW - seminal AU - Lucas, Robert PY - 1978/// UR - http://dx.doi.org/10.2307/1913837 ER -