Browsing by Keywords "Asset pricing models, stochastic growth models."
Now showing items 1-1 of 1
-
The equity premium in consumption and production models?
(Cambridge University Press, 2012-02-27)In this paper we use a simple model with a single Cobb–Douglas firm and a consumer with a CRRA utility function to show the difference between the equity premia in the production-based Brock model and the consumption-based ...