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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title The identification of beliefs from asset demand
Organization Unit
  • Felix Kübler
  • Herakles Polemarchakis
Item Subtype Original Work
Refereed Yes
Status Published in final form
  • English
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
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