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Identifier to cite or link to this item: https://hdl.handle.net/10086/18416

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Title
THE MODIGLIANI-MILLER THEOREM IN A DYNAMIC ECONOMY
Creator
Creator Name
TAKEKUMA, SHIN-ICHI TAKEKUMA, SHIN-ICHI
武隈, 愼一 武隈, 愼一
タケクマ, シンイチ タケクマ, シンイチ
Affiliation
Affiliation Name
Hitotsubashi University
Key Word
The Modigliani-Miller theorem
rational expectations
asset pricing
JEL
C02
C61
D80
D90
O41
Abstract (distribution restricted)
A dynamic economy with markets of equities and bonds is considered. The rational expectations equilibrium is defined in an asset pricing model and a condition under which the Modigliani-Miller theorem holds is shown. In an aggregate model the existence of a rational expectations equilibrium is proved.
Publisher
Graduate School of Economics, Hitotsubashi University
Issued Date
2010-04
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Discussion papers ; No. 2010-03
Number of Pages
15
Appears in Collections
Discussion papers / Graduate School of Economics, Hitotsubashi University
URL
https://hdl.handle.net/10086/18416