Equity premium under multiple background risks
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- Fujii, Yoichiro & Nakamura, Yutaka, 2021. "Regret-sensitive equity premium," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 302-307.
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More about this item
Keywords
equity premium; static Lucas model; background risk; equilibrium price;All these keywords.
JEL classification:
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
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