these events. Using theory and simulations we study the implications of the imminent threat of climate change on different … that lead to these assets becoming stranded. Our result suggest that climate change implies a positive and increasing risk … risk. Transition risks lower substantially the participation of carbon intensive assets in the market portfolio, which …

consumption-based asset pricing model (C-CAPM) with time-additive, power utility is inconsistent with the data. I show that this …

all circumstances, the model is able to generate coefficients of risk aversion that are consistent with theory. Hence we … the equity premium puzzle and find that it is able to fit the data with a relatively low coefficient of relative risk …

-varying volatility are preferred to the long-run risk model. We analyze asset pricing implications of the estimated models …

relative risk aversion for detecting the risk behavior of investors under all conditions, a new tool, that is, the sufficiency … factor of the model was developed to analyze the risk behavior of investors. The calculations of this newly tested model show … that the value of the coefficient of relative risk aversion is 1.033526 by assuming the value of the subjective time …

computing market risk premia in order to resolve the equity premium puzzle. The extent of this bias is substantial as verified …