Asset prices and wealth inequality in a simple model with idiosyncratic shocks

Sergio Salas

This paper analytically solves a heterogeneous agent model with idiosyncratic shocks to marginal utility of consumption and explores the effects of the borrowing constraint on the price of the asset, the composition of borrowers and lenders in the credit market, and wealth inequality. Results are derived in a stylized model and in a pedagogical fashion.

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Alternative title:	Precios de activos y desigualdad de la riqueza en un modelo simple con shocks idiosincráticos
Year of publication:	June 2017
Authors:	Salas, Sergio
Subject:	Asset prices \| borrowing constraints \| wealth inequality \| heterogeneous agents \| Vermögensverteilung \| Wealth distribution \| Theorie \| Theory \| CAPM \| Schock \| Shock \| Börsenkurs \| Share price \| Portfolio-Management \| Portfolio selection

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Notes:	Zusammenfassung in spanischer Sprache
Other identifiers:	hdl:10419/194252 [Handle]
Classification:	E00 - Macroeconomics and Monetary Economics. General ; E44 - Financial Markets and the Macroeconomy ; G10 - General Financial Markets. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011980140