Dependent background risks and asset prices

Yusuke Osaki*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)


Dependent background risks which have functional forms are introduced into Lucas economies. This paper determines the conditions on preferences to guarantee the monotonicity of asset prices, when dependent background risks satisfy the monotonicity and the single crossing conditions.

Original languageEnglish
JournalEconomics Bulletin
Issue number1
Publication statusPublished - 2005
Externally publishedYes

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)


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