Equilibrium in securities markets with heterogeneous investors and unspanned income risk
Year of publication: |
2012
|
---|---|
Authors: | Christensen, Peter Ove ; Larsen, Kasper ; Munk, Claus |
Published in: |
Journal of Economic Theory. - Elsevier, ISSN 0022-0531. - Vol. 147.2012, 3, p. 1035-1063
|
Publisher: |
Elsevier |
Subject: | Unspanned income | Heterogeneous preferences | Continuous-time equilibrium | Risk-free rate puzzle | Equity premium | Incomplete markets | Brownian motion |
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