𝔖 Bobbio Scriptorium
✦   LIBER   ✦

An empirical examination of the effect of dividend taxation on asset pricing and returns in Germany

✍ Scribed by A. Murphy; C. Schlag


Book ID
117701233
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
101 KB
Volume
10
Category
Article
ISSN
1044-0283

No coin nor oath required. For personal study only.


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An exploration of the effects of pessimi
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The subjective distribution of growth rates of aggregate consumption is characterized by pessimism if it is ΓΏrst-order stochastically dominated by the objective distribution. Uniform pessimism is a leftward translation of the objective distribution of the logarithm of the growth rate. The subjective