Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework
Larry G. Epstein, Stanley E. Zin
Abstract
Larry G. Epstein, Stanley E. Zin
Abstract
Larry G. Epstein, Stanley E. Zin, Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework, Econometrica, Vol. 57, No. 4 (Jul., 1989), pp. 937-969
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Larry G. Epstein, Stanley E. Zin, Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework, Econometrica, Vol. 57, No. 4 (Jul., 1989), pp. 937-969
Key concepts: Risk aversion (psychology), Economics, Substitution (logic), Consumption (sociology), Asset (computer security), Capital asset pricing model, Microeconomics, Financial economics