Author | : Rajnish Mehra |
Publisher | : Elsevier |
Release Date | : 11 August 2011 |
ISBN | : 0080555853 |
Pages | : 634 pages |
Rating | : /5 ( users) |
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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.