by
Kenneth J. Arrow, G. Constantinides, H.M Markowitz
Language: English
Release Date: August 11, 2011
Edited by Rajnish Mehra, this volume focuses on the equity risk premium puzzle, a term coined by Mehra and Prescott in 1985 which encompasses a number of empirical regularities in the prices of capital assets that are at odds with the predictions of standard economic theory.