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[essays and dissertation][Other Subjects][Economics]Asset pricing under habit formation in economies with frictions论文
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 论文编号：
org200809050808113481 |
| 论文属性：
学术论文 |
| 论文语言：English |
| 论文国家：China |
| 登出日期： 2008-09-05 |
| 字数： 5600 |
| 源程序：
无 |
| 价格：
50 |
| 参考相关附件： |
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| 论文大纲，目录 |
| 关键词搜索：Asset pricing habit formation economies frictions |
Abstract: This paper studies the generalized habit formation utility function with market frictions. By discussion of the Hansen-Jagannathan bounds, I find that the equity premium puzzle does not exist in proper utility assumptions in a market
with frictions.
I. Introduction
II. The Model
III. Empirical Results and Implications
IV. Conclusion 英语论文网 【http://www.51lunwen.org】
本文来自：英语论文网 【http://www.51lunwen.org】 |
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