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Housing, Consumption, and Asset Pricing

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NBER2006-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12036
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资源简介:
This paper considers a consumption-based asset pricing model where housing is explicitly modeled both as an asset and as a consumption good. Nonseparable preferences describe households' concern with composition risk, that is, fluctuations in the relative share of housing in their consumption basket
创建时间:
2006-02-01
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