Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Behavior
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This paper studies the ability of a general class of habit-based asset pricing models to match the conditional moment restrictions implied by asset pricing theory. We treat the functional form of the habit as unknown, and to estimate it along with the rest of the model's finite dimensional
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美国国家经济研究局创建时间：
2004-05-01
