On the fluctuations in consumption and market returns in the presence of labor and human capital: an equilibrium analysis

Article Abstract:

A continuous-time general equilibrium model has been devised and used in studying the impact of human capital on consumption, stock market and other fluctuations. It has been observed that the stock market and total wealth volatilities are no longer equal when human capital exists. This finding is also true for the dividend and consumption volatilities. Human capital volatility has been shown to reduce to conditions on the comovements of aggregate consumption and labor supply in the special case of log utility.

Econometrics & Model Building, Models, Stock-exchange, Stock exchanges, Econometrics, Consumption (Economics), Human capital, Business models

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Separation cycles

Article Abstract:

Externality effects were derived when the endogenous separation behavior of agents was considered in the assessment of two-sided matching literature with heterogenous agents. Consideration of agents' behavior showed that the composition of singles in a matching market tend to be influenced by the separation decision of two divorced agents. A change in the mean quality of singles in the matching market results to a corresponding change in the value of being unmatched.

Analysis, Matching theory

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A model of dynamic asset pricing with heterogenous beliefs and extraneous risk

Article Abstract:

Equilibrium security price dynamics are assessed in an analysis that includes heterogeous beliefs of agents in relation to extraneous risk.

Risk (Economics)

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