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differ from the well understood risk prices widely used in asset pricing theory. A quantitative example highlights a …
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examples featuring consumption externalities, recursive utility, and jump risk …
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distributions of risks give rise to components of equilibrium prices that differ from the risk prices widely used in asset pricing …
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a stochastic growth and discount factors in determining risk-adjusted values. These methods are supported by …-based implications for the term structure of risk prices. As an illustration of the methods, I re-examine some recent preference based …
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featuring consumption externalities, recursive utility, and jump risk …
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featuring consumption externalities, recursive utility, and jump risk …
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featuring consumption externalities, recursive utility, and jump risk …
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