Two Essays on Equilibrium Asset Pricing and Intertemporal Recursive Utility

Two Essays on Equilibrium Asset Pricing and Intertemporal Recursive Utility
Author :
Publisher :
Total Pages : 180
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ISBN-10 : OCLC:224251886
ISBN-13 :
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Book Synopsis Two Essays on Equilibrium Asset Pricing and Intertemporal Recursive Utility by : Chenghu Ma

Download or read book Two Essays on Equilibrium Asset Pricing and Intertemporal Recursive Utility written by Chenghu Ma and published by . This book was released on 1992 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:


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In the mid-eighties Mehra and Prescott showed that the risk premium earned by American stocks cannot reasonably be explained by conventional capital market mode