Aggregation of heterogenous beliefs, asset pricing, and risk sharing in complete financial markets

Research in Economics - Tập 72 - Trang 117-146 - 2018
Laurent-Emmanuel Calvet1,2, Jean-Michel Grandmont3,4, Isabelle Lemaire5
1Department of Finance, EDHEC Business School, 393 Promenade des Anglais, BP 3116, 06202 Nice Cedex 3, France
2CEPR, United Kingdom
3CNRS-CREST, 15 boulevard Gabriel Péri, 92245 Malakoff Cedex, France
4Department of Economics, Università Ca’ Foscari, Venezia, Italy
5INSEE, 139 rue de Bercy, Télédoc 230, 75572 Paris Cedex 12, France

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