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Returns-to-scale and the equity premium puzzle

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Publication:1994274
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DOI10.1016/j.jedc.2013.04.007zbMath1402.91354OpenAlexW2024150475MaRDI QIDQ1994274

Geoffrey Dunbar

Publication date: 1 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2013.04.007


zbMATH Keywords

equity premiumreturns-to-scalerisk-free rate


Mathematics Subject Classification ID

Economic growth models (91B62) General equilibrium theory (91B50)




Cites Work

  • When is market incompleteness irrelevant for the price of aggregate risk (and when is it not)?
  • Threshold accepting: A general purpose optimization algorithm appearing superior to simulated annealing
  • Endogenous market incompleteness with investment risks
  • Uninsured idiosyncratic production risk with borrowing constraints
  • The equity premium in Brock's asset pricing model
  • Optimal capital policy, the cost of capital, and myopic decision rules
  • Simulated Non-Parametric Estimation of Dynamic Models
  • Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations
  • Debt Constrained Asset Markets
  • Efficiency, Equilibrium, and Asset Pricing with Risk of Default
  • Approximate versus Exact Equilibria in Dynamic Economies
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