Pricing Long-Lived Securities in Dynamic Endowment Economies
收藏NBER2018-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24641
下载链接
链接失效反馈官方服务：
资源简介：
We solve for asset prices in a general affine representative-agent economy with isoelastic recursive utility and rare events. Our novel solution method is exact in two special cases: no preference for early resolution of uncertainty and elasticity of intertemporal substitution equal to one. Our
提供机构：
美国国家经济研究局
创建时间：
2018-05-01
