Results 101 to 110 of about 33,816 (196)
Special issue of The Geneva Papers in memory of Orio Giarini. [PDF]
Geneva Pap Risk Insur Issues Pract, 2021 Courbage C, Loubergé H.
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Equity Risk Premium: Historic, Expected, Required and Implied [PDF]
The equity premium (also called market risk premium, equity risk premium, market premium and risk premium), is one of the most important, discussed but elusive parameters in finance.
Fernandez, Pablo
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A Comment on 'The Equity Premium. A Puzzle' [PDF]
, 1985 The results in this paper by Mehra and Prescott conflict with other evidence on the equity premium. The reason is that they substitute the smooth per capita consumption on nondurables and services for the more variable true payment process when calculating the price of the market index.
openaire +1 more source
The Loss Aversion / Narrow Framing Approach to the Equity Premium Puzzle [PDF]
We review a recent approach to understanding the equity premium puzzle. The key elements of this approach are loss aversion and narrow framing, two well-known features of decision-making under risk in experimental settings.
Ming Huang, Nicholas Barberis
core
Health shock, medical insurance and financial asset allocation: evidence from CHFS in China. [PDF]
Health Econ Rev, 2022 Liu Y, Hao Y, Lu ZN.
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Asset prices and liquidity in an exchange economy [PDF]
I develop an asset-pricing model in which financial assets are valued for their liquidity - the extent to which they are useful in facilitating exchange - as well as for being claims to streams of consumption goods.
Ricardo Lagos
core
Balancing Equity and Efficiency in the Allocation of Health Resources-Where Is the Middle Ground? [PDF]
Healthcare (Basel), 2021 Asamani JA +3 more
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Estimating the Stochastic Discount Factor without a Utility Function [PDF]
In this paper we take seriously the consequences of the Pricing Equation in constructing a novel consistent estimator of the stochastic discount factor (SDF) using panel data.
Fabio Araujo, Joao Victor Issler
core
Economics of Disagreement-Financial Intuition for the Rényi Divergence. [PDF]
Entropy (Basel), 2020 Soklakov AN.
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