Land of addicts? an empirical investigat
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Xiaohong Chen; Sydney C. Ludvigson
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Article
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2009
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John Wiley and Sons
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English
β 329 KB
## Abstract This paper studies the ability of a general class of habitβbased asset pricing models to match the conditional moment restrictions implied by asset pricing theory. We treat the functional form of the habit as unknown, and estimate it along with the rest of the model's finite dimensional