Browsing Department of Business and Management Science by Subject "ICAPM"
Now showing items 1-1 of 1
-
The equity premium in a production economy; A new perspective involving recursive utility
(Discussion paper;15/15, Working paper, 2015-04-10)We study a rational expectations' competitive equilibrium in a production economy, i.e., a system of prices at which firms' profit maximizing production decisions and individuals' preferred affordable consumption choices ...