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.
"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."@en
"An explanation of the differences between estimates and actual returns on stock and bond investments has long eluded the best efforts of scholars and researchers."@en
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BUSINESS & ECONOMICS Investments & Securities Stocks.
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Sammelwerk -- Collection of articles of several authors.
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