 |
|
The "bible" of the equity premium puzzle:
This handbook is indispensable for any serious assessment of the state of the art on the famous equity premium puzzle. I had already read most of its content in previous working papers available in the internet, but having the peer-reviewed version reunited in a unique volume ready for consultation at any time is an invaluable resource. The article by John Cochrane, besides the well exposed overview that it provides, points to many lines of research that may bear good fruits. The paper by John Heaton and Deborah Lucas clarifies some polemics about the usefulness of considering heterogeneous agents, undiversified risk and trading frictions. Constantinides' models are very promising lines of research. Mehra's two articles are, of course, a must for anyone wanting to understand the puzzles of the financial market. The handbook is now in my bookshelf next to my Ph.D. thesis.
| Binding: | Hardcover | | Dewey Decimal Number: | 332.6 | | EAN: | 9780444508997 | | ISBN: | 0444508996 | | Number Of Pages: | 592 | | Publication Date: | 2007-10-01 |
|
