Asset Prices in an Exchange Economy Robert E. Lucas, Jr...

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Asset Prices in an Exchange Economy Robert E. Lucas, Jr. Econometrica, Vol. 46, No. 6. (Nov., 1978), pp. 1429-1445. Stable URL: http://links.jstor.org/sici?sici=0012-9682%28197811%2946%3A6%3C1429%3AAPIAEE%3E2.0.CO%3B2-I Econometrica is currently published by The Econometric Society. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/journals/econosoc.html. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. For more information regarding JSTOR, please contact [email protected]. http://www.jstor.org Tue Feb 6 18:30:04 2007

Transcript of Asset Prices in an Exchange Economy Robert E. Lucas, Jr...

Page 1: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital

Asset Prices in an Exchange Economy

Robert E. Lucas, Jr.

Econometrica, Vol. 46, No. 6. (Nov., 1978), pp. 1429-1445.

Stable URL:

http://links.jstor.org/sici?sici=0012-9682%28197811%2946%3A6%3C1429%3AAPIAEE%3E2.0.CO%3B2-I

Econometrica is currently published by The Econometric Society.

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtainedprior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content inthe JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/journals/econosoc.html.

Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.

JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. Formore information regarding JSTOR, please contact [email protected].

http://www.jstor.orgTue Feb 6 18:30:04 2007

Page 2: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
Page 3: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
Page 4: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
Page 5: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
Page 6: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
Page 7: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
Page 8: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
Page 9: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
Page 10: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
Page 11: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
Page 12: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
Page 13: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
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Page 16: Asset Prices in an Exchange Economy Robert E. Lucas, Jr ...pbs/expfinance/Readings/Lucas1978.pdfJSTOR is an independent not-for-profit organization dedicated to and preserving a digital
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