Risk premia and term premia in general equilibirum

The equity premium consists of a term premium reflecting the longer maturity of equity relative to short-term bills, and a risk premium reflecting the stochastic nature of equity payoffs and the deterministic nature of payoffs on reckless bills. This paper analyzes term premia and the risk premia in...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Abel, Andrew B. (VerfasserIn)
Format:	Buch
Sprache:	English
Veröffentlicht:	Cambridge, Mass. 1998
Schriftenreihe:	National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6683
Schlagworte:	Actif (comptabilité) - Prix - Modèles mathématiques Rentabilité - Modèles mathématiques Mathematisches Modell Assets (Accounting) > Prices > Mathematical models Rate of return > Mathematical models Risk > Mathematical models
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