Asset pricing with jump/diffusion permanent income shocks
Author/Authors :
Mark Freeman، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2002
Pages :
8
From page :
1
To page :
8
Abstract :
By assuming that all uninsurable risk is permanent, a closed form multi-period, multiple agent and multiple asset incomplete market asset pricing model is presented that allows for jump as well as diffusion risk to personal income.
