#### Filter Results:

- Full text PDF available (25)

#### Publication Year

2000

2018

- This year (2)
- Last 5 years (11)
- Last 10 years (24)

#### Publication Type

#### Co-author

#### Journals and Conferences

Learn More

Trading volume of infinitely lived securities, such as equity, is generically zero in Lucas asset-pricing models with heterogeneous agents. More generally, the end-of-period portfolio of allâ€¦ (More)

- Felix Kubler, Larry Selden, Xiao Wei
- 2014

We provide conditions under which contingent claim and asset demands are consistent with state independent Expected Utility maximization. The paper focuses on the case of a single commodity andâ€¦ (More)

- AloÃsio AraÃºjo, Felix Kubler, Susan Schommer
- J. Economic Theory
- 2012

In this paper we examine the effects of default and scarcity of collateralizable durable goods on risk-sharing. We assume that there is a large set of assets which all promise a risk-less payoff butâ€¦ (More)

- Steven J. Davis, Felix Kubler, Paul Willen
- 2003

We construct a life-cycle model that delivers realistic behavior for both equity holdings and borrowing. The key model ingredient is a wedge between the cost of borrowing and the risk-free investmentâ€¦ (More)

- Felix Kubler, Herakles Polemarchakis
- 2004

At a stationary Markov equilibrium of a Markovian economy of overlapping generations, prices at a date-event are determined by the realization of the shock, the distribution of wealth and, withâ€¦ (More)

- Felix Kubler, Karl Schmedders
- Operations Research
- 2010

Multiplicity of equilibria is a prevalent problem in many economic models. Often equilibria are characterized as solutions to a system of polynomial equations. This paper gives an introduction to theâ€¦ (More)

Although equilibrium allocations in models with incomplete markets are generally not Pareto-eÃ†cient, it is often argued that quantitative welfare losses from missing assets are small when timeâ€¦ (More)

- Felix Kubler
- 2003

This paper develops theoretical foundations for an error analysis of approximate equilibria in dynamic stochastic general equilibrium models with heterogeneous agents and incomplete financialâ€¦ (More)

- Felix Kubler, Karl Schmedders
- J. Economic Theory
- 2010

This paper develops a method to compute the equilibrium correspondence for exchange economies with semi-algebraic preferences. Given a class of semi-algebraic exchange economies parameterized byâ€¦ (More)

In this paper we examine the effect of collateral requirements on the prices of longlived assets. We consider a Lucas-style infinite-horizon exchange economy with heterogenous agents and collateralâ€¦ (More)