Choi, Woon Gyu (contributor); Wen, Yi (contributor) - 2005
*
Department of Economics, Cornell University
Ithaca, NY 14853, USA
E-mail: yw57@cornell.edu
ABSTRACT
This paper investigates the … production (or investment)-based model, Cochrane (1991, 1996) explains the market return with an
investment return, inferred from … investment data with an adjustment cost production function. The investment
return is constructed from a regression analysis, i …