The Market for Crash Risk
收藏数据链接：
官方服务：
资源简介：
This paper examines the equilibrium when negative stock market jumps (crashes) can occur, and investors have heterogeneous attitudes towards crash risk. The less crash-averse insure the more crash-averse through the options markets that dynamically complete the economy. The resulting equilibrium is
提供机构：
美国国家经济研究局创建时间：
2001-10-01
