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Intertemporal Asset Pricing: Evidence from Germany

In the mid-eighties Mehra and Prescott showed that the risk premium earned by American stocks cannot reasonably be explained by conventional capital market models. Using time additive utility, the observed risk pre­ mium can only be explained by unrealistically high risk aversion parameters.... Full description

1st Person: Meyer, Bernd
Additional Corporate Bodies: SpringerLink (Online service)
Additional Persons: SpringerLink (Online service)
Type of Publication: Book
Published: Heidelberg Physica-Verlag HD 1999, 1999
Edition: 1st ed. 1999
Series: Contributions to Economics
Keywords: Finance
Economics, Mathematical 
Finance, general
Quantitative Finance
Online: Volltext
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