On Trees and Logs
In this paper we critically examine the main workhorse model in asset pricing theory, the Lucas (1978) tree model (LT-Model), extended to include heterogeneous agents and multiple goods, and contrast it to the benchmark model in financi...
| Main Authors: | , |
|---|---|
| Language: | en_US |
| Published: |
2002
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/1721.1/665 |