Long Term Risk: An Operator Approach
收藏NBER2006-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12650
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资源简介：
We create an analytical structure that reveals the long run risk-return relationship for nonlinear continuous time Markov environments. We do so by studying an eigenvalue problem associated with a positive eigenfunction for a conveniently chosen family of valuation operators. This family forms a
提供机构：
美国国家经济研究局
创建时间：
2006-10-01
