Authors : Shaoyong Lai and Ya Qin
Abstract: The derivation of the integral equation for a generalized Abel�s asset pricing model, which yields an analytic price-dividend function of one state variable, is established. When the constants appearing in the equation satisfy some inequalities and assumptions, the existence and uniqueness of the solutions for the equation are proved to be true. The analytic property of the solutions is investigated in the complex plane.
Shaoyong Lai and Ya Qin , 2008. The Analytic Properties for a Generalized Abel�s Asset Pricing Model. Journal of Economics Theory, 2: 106-111.