𝔖 Bobbio Scriptorium
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Habit-based asset pricing with limited participation consumption

✍ Scribed by Christian Bach; Stig V. Møller


Book ID
116615877
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
362 KB
Volume
35
Category
Article
ISSN
0378-4266

No coin nor oath required. For personal study only.


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## Abstract This paper studies the ability of a general class of habit‐based 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