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Type | Journal Article |
Scope | Discipline-based scholarship |
Title | The identification of beliefs from asset demand |
Organization Unit | |
Authors |
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Item Subtype | Original Work |
Refereed | Yes |
Status | Published in final form |
Language |
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Journal Title | Econometrica |
Publisher | Wiley-Blackwell Publishing, Inc. |
Geographical Reach | international |
ISSN | 0012-9682 |
Volume | 85 |
Number | 4 |
Page Range | 1219 - 1238 |
Date | 2017 |
Abstract Text | The demand for assets as prices and initial wealth vary identifies beliefs and attitudes towards risk. We derive conditions that guarantee identification with no knowledge either of the cardinal utility index or of the distribution of future endowments or payoffs of assets; the argument applies even if the asset market is incomplete and demand is observed only locally. |
Related URLs | |
Digital Object Identifier | 10.3982/ECTA13880 |
Other Identification Number | merlin-id:14711 |
PDF File | Download from ZORA |
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