The Implications of Heterogeneity and Inequality for Asset Pricing
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Does heterogeneity matter for asset pricing and in particular for risk premiums? Starting with an irrelevance result, I classify the literature into two groups of papers taking different routes to link investor heterogeneity and risk premiums. The first group contains models of investors who differ
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美国国家经济研究局创建时间:
2020-04-01



