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featuring consumption externalities, recursive utility, and jump risk …
Persistent link: https://www.econbiz.de/10013154476
We must infer what the future situation would be without our interference, and what changes will be wrought by our actions. Fortunately, or unfortunately, none of these processes is infallible, or indeed ever accurate and complete. Knight (1921)
Persistent link: https://www.econbiz.de/10013048614
distributions of risks give rise to components of equilibrium prices that differ from the risk prices widely used in asset pricing …
Persistent link: https://www.econbiz.de/10013222314