The stock market premium, production, an
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Jaeho Cho
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Article
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1992
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Elsevier Science
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English
โ 246 KB
This article shows that disentangling risk aversion and intertemporal substitution does not affect the result of Benninga and Protopapadakis (1991) that the risk premium in a complete market may well be negatively related with risk aversion.