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Intertemporal Asset Pricing Evidence from Germany (Contributions to Economics) by Bernd Meyer |
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Intertemporal Asset Pricing: Evidence from Germany (Contributions to Economics) by Bernd Meyer English | Dec 11, 1998 | ISBN: 3790811599 | 287 Pages | PDF | 8 MB 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. (Buy premium account for maximum speed and resumming ability)
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