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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

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 social security trust fund, the riskless interest rate, and capital accumulation

Abel, Andrew B. - In: Risk aspects of investment-based social security reform, (pp. 153-193). 2001

Persistent link: https://www.econbiz.de/10001567832

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; 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