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The stock market premium, production, and relative risk aversion: A generalization

โœ Scribed by Jaeho Cho


Book ID
116101495
Publisher
Elsevier Science
Year
1992
Tongue
English
Weight
246 KB
Volume
40
Category
Article
ISSN
0165-1765

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The stock market premium, production, an
โœ Jaeho Cho ๐Ÿ“‚ Article ๐Ÿ“… 1992 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 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.