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Handbook of the Equity Risk Premium
- 1st Edition - October 26, 2007
- Editors: Rajnish Mehra, Kenneth J. Arrow, G. Constantinides, H.M Markowitz, R.C. Merton, S.C. Myers, P.A. Samuelson, W.F. Sharpe
- Language: English
- Paperback ISBN:9 7 8 - 0 - 4 4 4 - 5 4 9 8 3 - 9
- Hardback ISBN:9 7 8 - 0 - 4 4 4 - 5 0 8 9 9 - 7
- eBook ISBN:9 7 8 - 0 - 0 8 - 0 5 5 5 8 5 - 0
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… Read more
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List of Contributors
Preface
Introduction to the Series
Chapter 1: The Equity Premium: ABCs
Chapter 2: Risk-Based Explanations of the Equity Premium
Chapter 3: Non-Risk-based Explanations of the Equity Premium
Chapter 4: Equity Premia with Benchmark Levels of Consumption: Closed-Form Results
Discussion: Equity Premia with Benchmark Levels of Consumption: Closed-Form Results
Chapter 6: Long-Run Risks and Risk Compensation in Equity Markets
Discussion: Long-Run Risks and Risk Compensation in Equity Markets
Chapter 7: The Loss Aversion/Narrow Framing Approach to the Equity Premium Puzzle
Discussion: The Loss Aversion/Narrow Framing Approach to the Equity Premium Puzzle
Discussion: The Loss Aversion/Narrow Framing Approach to the Equity Premium Puzzle
Chapter 8: Financial Markets and the Real Economy
Discussion: Financial Markets and the Real Economy
Chapter 9: Understanding the Equity Risk Premium Puzzle
Discussion: Understanding the Equity Risk Premium Puzzle
Cash Flow Risk, Discounting Risk, and the Equity Premium Puzzle
Discussion: Cash Flow Risk, Discounting Risk, and the Equity Premium Puzzle
Discussion: Cash Flow Risk, Discounting Risk, and the Equity Premium Puzzle
Chapter 10: Distribution Risk and Equity Returns
Discussion: Distribution Risk and Equity Returns
Chapter 11: The Worldwide Equity Premium: A Smaller Puzzle
Chapter 12: History and the Equity Risk Premium
Discussion: “The Worldwide Equity Premium: A Smaller Puzzle” and “History and the Equity Risk Premium”
Chapter 13: Can Heterogeneity, Undiversified Risk, and Trading Frictions Solve the Equity Premium Puzzle?
Discussion: Can Heterogeneity, Undiversified Risk, and Trading Frictions Solve the Equity Premium Puzzle?
Chapter 14: Asset Prices and Intergenerational Risk Sharing: The Role of Idiosyncratic Earnings Shocks
Discussion: Asset Prices and Intergenerational Risk Sharing: The Role of Idiosyncratic Earnings Shocks
Index
- No. of pages: 634
- Language: English
- Edition: 1
- Published: October 26, 2007
- Imprint: Elsevier Science
- Paperback ISBN: 9780444549839
- Hardback ISBN: 9780444508997
- eBook ISBN: 9780080555850
RM
Rajnish Mehra
KA
Kenneth J. Arrow
GC
G. Constantinides
HM
H.M Markowitz
RM
R.C. Merton
SM
S.C. Myers
PS
P.A. Samuelson
WS