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Asset pricing with undiversifiable income risk and short sales constraints : deepening the equity premium puzzle

Lucas, Deborah J. - In: Journal of monetary economics 34 (1994) 3, pp. 325-341

Persistent link: https://www.econbiz.de/10001175097

Asset pricing with incomplete markets

Lucas, Deborah J. - In: Hitotsubashi journal of economics 34 (1993), pp. 163-179

Persistent link: https://www.econbiz.de/10001162439

Formación de precios de activos con mercados incompletos

Lucas, Deborah J. - In: Información comercial española / Cuadernos económicos (1992), pp. 39-57

Persistent link: https://www.econbiz.de/10001138479

Evaluating the effects of incomplete markets on risk sharing and asset pricing

Heaton, John; Lucas, Deborah J. - 1993

Persistent link: https://www.econbiz.de/10000855305

Can heterogeneity, undiversified risk, and trading frictions solve the equity premium puzzle?

Heaton, John; Lucas, Deborah J. - In: Handbook of the equity risk premium, (pp. 535-557). 2008

Persistent link: https://www.econbiz.de/10003599046

Can heterogeneity, undiversified risk, and trading frictions solve the equity premium puzzle?: discussion

Storesletten, Kjetil - In: Handbook of the equity risk premium, (pp. 558-563). 2008

Persistent link: https://www.econbiz.de/10003599064

Evaluating the effects of incomplete markets on risk sharing and asset pricing

Heaton, John - In: Journal of political economy 104 (1996) 3, pp. 443-487

Persistent link: https://www.econbiz.de/10001199127

The importance of investor heterogeneity and financial market imperfections for the behavior of asset prices

Heaton, John - In: Carnegie Rochester conference series on public policy : … 42 (1995), pp. 1-32

Persistent link: https://www.econbiz.de/10001183800

Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing

Heaton, John; Lucas, Deborah J. - 2021

We examine asset prices and consumption patterns in a model in which agents face both aggregate and idiosyncratic income shocks, and insurance markets are incomplete. Agents reduce consumption variability by trading in a stock and bond market to offset idiosyncratic shocks, but transactions...

Persistent link: https://www.econbiz.de/10013247655

Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing

Heaton, John - 1993

Persistent link: https://www.econbiz.de/10012474713