Asset Prices in an Overlapping Generations Model with Case-Based Decision Makers with Short Memory

and Klaus Ritzeberger for helpful discussions and comments. Financial support by the DFG is greate-fully acknowledged. I consider an economy, populated by case-based decision makers with one-period memory. Consumption can be transferred between the periods by the means of a risk-less storage technology or a risky asset with iid dividend payments. I analyze… (More)