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Heterogeneous Beliefs in OLG Economies with Endogenous Random Asset Prices

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  • Jan Wenzelburger

    (University of Bielefeld)

Abstract

It has long been recognized that market clearing and the hypothesis of rational expectations may well be mutual inconsistent.

Suggested Citation

  • Jan Wenzelburger, 2001. "Heterogeneous Beliefs in OLG Economies with Endogenous Random Asset Prices," CeNDEF Workshop Papers, January 2001 2A.1, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
  • Handle: RePEc:ams:cdws01:2a.1
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