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Session Discussion: Can Land Use Economists Help Planners?<xref ref-type="fn" rid="FN1">*</xref>

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Smaller portfolio returns and the risk-return trade-off for the whole market

Dorfman, Jeffrey H.; Park, Myung D. - In: Applied Financial Economics 24 (2014) 13, pp. 853-869

Empirical evidence on the risk-return trade-off in stocks has been conflicting. Several studies estimate a positive risk-return trade-off (see French <italic>et al</italic>., 1987; Campbell and Hentschel, 1992) but other researchers find the opposite (see Nelson, 1991; Glosten <italic>et al</italic>., 1993) and most of the results have...

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