Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. The capital asset pricing model ...
This paper generalizes the risk-return relationship implied by the traditional capital asset pricing model with finite investment horizons. It examines the effect of heterogeneous investment horizons ...
Philip H. Dybvig, Jonathan E. Ingersoll, Jr. The complete-markets model of Arrow and Debreu and the mean-variance capital asset pricing model (CAPM) are two paradigms of risky asset markets. This ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback