{"entities":{"Q1853201":{"pageid":1863943,"ns":120,"title":"Item:Q1853201","lastrevid":43371038,"modified":"2025-07-25T05:00:58Z","type":"item","id":"Q1853201","labels":{"en":{"language":"en","value":"Consumption asset pricing with stable shocks---exploring a solution and its implications for mean equity returns"}},"descriptions":{"en":{"language":"en","value":"scientific article; zbMATH DE number 1856525"}},"aliases":{},"claims":{"P31":[{"mainsnak":{"snaktype":"value","property":"P31","hash":"fd5912e4dab4b881a8eb0eb27e7893fef55176ad","datavalue":{"value":{"entity-type":"item","numeric-id":56887,"id":"Q56887"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1853201$B2A44F19-BF81-46D0-A461-6C92073821BC","rank":"normal"}],"P159":[{"mainsnak":{"snaktype":"value","property":"P159","hash":"bc1df2360ca4167a1bce23e791ec1b235fb3f299","datavalue":{"value":{"text":"Consumption asset pricing with stable shocks---exploring a solution and its implications for mean equity returns","language":"en"},"type":"monolingualtext"},"datatype":"monolingualtext"},"type":"statement","id":"Q1853201$6D601823-CF13-4EEA-BED4-CE70145F27C9","rank":"normal"}],"P225":[{"mainsnak":{"snaktype":"value","property":"P225","hash":"49a62c1eb7fdebb9e60ab488d6a4c0bd80d267a6","datavalue":{"value":"1029.91025","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1853201$3895DE77-DDCE-4372-9886-BE650E9ACB4A","rank":"normal"}],"P27":[{"mainsnak":{"snaktype":"value","property":"P27","hash":"dd37fbd00644b6e3b9efb26fb08e792ca490c532","datavalue":{"value":"10.1016/S0165-1889(01)00054-9","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1853201$A7ACF603-11DB-4941-A00B-1E8D930B9489","rank":"normal"}],"P16":[{"mainsnak":{"snaktype":"value","property":"P16","hash":"7460e46480b44c9e86d598693d25d5478afb017b","datavalue":{"value":{"entity-type":"item","numeric-id":1017008,"id":"Q1017008"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1853201$7D3133B5-5808-49FC-85DA-CE3D7C8BE9B4","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P16","hash":"8ab92ae117c8cf68fcc9bd9c76e33e4d5de367f6","datavalue":{"value":{"entity-type":"item","numeric-id":169917,"id":"Q169917"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1853201$6255E3E1-257C-4B1D-9DFA-BCA40B5F52BB","rank":"normal"}],"P28":[{"mainsnak":{"snaktype":"value","property":"P28","hash":"5b5e42af6f5e314fbfeffbcec47ae99c9eed44fd","datavalue":{"value":{"time":"+2003-01-21T00:00:00Z","timezone":0,"before":0,"after":0,"precision":11,"calendarmodel":"http://www.wikidata.org/entity/Q1985727"},"type":"time"},"datatype":"time"},"type":"statement","id":"Q1853201$883D09E6-5D8A-45E5-BD22-1AA645C269B6","rank":"normal"}],"P1448":[{"mainsnak":{"snaktype":"value","property":"P1448","hash":"f8d75d6a003987aefc816e192d719b9fec9dc9f9","datavalue":{"value":"We study the consumption based asset pricing model due to \\textit{R. E. Lucas jun.} [Econometrica 46, 1429-1445 (1978; Zbl 0398.90016)]. The exogenous endowment sequence is modeled as a linear stochastic process driven by stable shocks in an otherwise standard framework. The Gaussian process emerges as a special case. We derive exact analytical solutions for asset prices and returns, and provide conditions under which these exist. We also study the ability of the model to generate realistic values of observed mean rates of return.","type":"string"},"datatype":"string"},"type":"statement","id":"Q1853201$11C2808F-D0DC-492A-A33E-A630C8766E9B","rank":"normal"}],"P226":[{"mainsnak":{"snaktype":"value","property":"P226","hash":"7b600a0bd525a05fa571487b461fe5ba90ad6e5d","datavalue":{"value":"91B28","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1853201$6BB72057-F196-4596-8131-E2C27027EECC","rank":"normal"}],"P1451":[{"mainsnak":{"snaktype":"value","property":"P1451","hash":"7702be98984d6a4b6981257255a43b62159e8219","datavalue":{"value":"1856525","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1853201$2CC53D1F-FFEB-49B8-A610-7881A83A342E","rank":"normal"}],"P1450":[{"mainsnak":{"snaktype":"value","property":"P1450","hash":"1680bb556cd2c8b24e2deff12aeb89cd5a0295af","datavalue":{"value":"asset pricing","type":"string"},"datatype":"string"},"type":"statement","id":"Q1853201$79341588-3BFA-47F9-B044-5D60A483869B","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"80aa320f18869dbcc039200bc8f0f647b0101564","datavalue":{"value":"stable shocks","type":"string"},"datatype":"string"},"type":"statement","id":"Q1853201$B2B4BA6C-E7BA-459F-82D3-F0A19CF9BFFB","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"debfc7e251cf780d74919753d388bad1b2905e13","datavalue":{"value":"mean rates of return","type":"string"},"datatype":"string"},"type":"statement","id":"Q1853201$0DB11433-85A6-48F4-8F51-D417EC01F3FF","rank":"normal"}],"P1460":[{"mainsnak":{"snaktype":"value","property":"P1460","hash":"57f7fea50d2ce1b39b695c4a1313582eed405e38","datavalue":{"value":{"entity-type":"item","numeric-id":5976449,"id":"Q5976449"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1853201$85B64E02-C79F-4F64-8977-10568595ADBC","rank":"normal"}],"P223":[{"mainsnak":{"snaktype":"value","property":"P223","hash":"f7c34dded5b4b75a5d4444b11a98b8535a4927cb","datavalue":{"value":{"entity-type":"item","numeric-id":1128524,"id":"Q1128524"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1853201$E505E4F1-A0A5-4B14-A6DD-254757110645","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"02153dec55901e764fa223fe309995239a9a8f52","datavalue":{"value":{"entity-type":"item","numeric-id":4182195,"id":"Q4182195"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1853201$EB50C229-B716-41F9-A848-BB3EBFFF6619","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"fd5558cd9e3e21c42367cf153b28bdb742732255","datavalue":{"value":{"entity-type":"item","numeric-id":3971628,"id":"Q3971628"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1853201$4D86D566-9E3C-440C-A273-7500D091E727","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"d0f7645a853e04a8c84bd1c5344738baa11b7611","datavalue":{"value":{"entity-type":"item","numeric-id":3673748,"id":"Q3673748"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1853201$5EB85CEA-B322-43BC-8FFE-8F526EFD2555","rank":"normal"}],"P205":[{"mainsnak":{"snaktype":"value","property":"P205","hash":"68b1a0c8de94bfc857213981b8a511f4ed9af1b7","datavalue":{"value":"https://doi.org/10.1016/s0165-1889(01)00054-9","type":"string"},"datatype":"url"},"type":"statement","id":"Q1853201$2A0CCD59-E85A-437C-8236-B6ABE7E72D1C","rank":"normal"}],"P388":[{"mainsnak":{"snaktype":"value","property":"P388","hash":"4b3f9dfb7f34d224a35924186b2f10bb87ddd537","datavalue":{"value":"W1993342981","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1853201$702E3C0A-EACF-475D-8AB6-FE72BE40F7A2","rank":"normal"}],"P200":[{"mainsnak":{"snaktype":"value","property":"P200","hash":"61da792f8b5bb8113a6af5e8a75aa0e465faced3","datavalue":{"value":{"entity-type":"item","numeric-id":73630,"id":"Q73630"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1853201$FDD99F60-5928-48DD-B2CC-D08EF79FEF81","rank":"normal"}],"P1643":[{"mainsnak":{"snaktype":"value","property":"P1643","hash":"9e898d83bd218b613bcf2a913b1da74705c6bc21","datavalue":{"value":{"entity-type":"item","numeric-id":1655728,"id":"Q1655728"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"2d2fd1866e0cce83c099d771e633e494b60054a1","datavalue":{"value":{"amount":"+0.8767585","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1853201$9D947466-A6C1-4199-B304-03B379A6EA0C","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"5fcd27e336eb49f45d239e3b2871d77b0b5bb405","datavalue":{"value":{"entity-type":"item","numeric-id":529742,"id":"Q529742"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"d3b5ce1bf0ef86257c0a339b99854e9b51cbe2df","datavalue":{"value":{"amount":"+0.8683661","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1853201$98B2C945-E90D-4B5E-AD46-978BD65609CD","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"cbeead69796a28afca453c2aaf629c6ed588a2c9","datavalue":{"value":{"entity-type":"item","numeric-id":4372001,"id":"Q4372001"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"8db0199cb61465738e54cdc415900446eec8554c","datavalue":{"value":{"amount":"+0.86328137","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1853201$6E86CCD1-A2ED-44EA-BD49-79B1F2FFD3FF","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"f97b94e00c25806304c30b928ef232a24bb07788","datavalue":{"value":{"entity-type":"item","numeric-id":5455557,"id":"Q5455557"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"08999e32828ff27c5f96016ec07f9b76b02a5800","datavalue":{"value":{"amount":"+0.8539357","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1853201$912C2FF0-E669-474E-B775-CFF32357FE6F","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"57e867d6ee1a7e7471620030b741fd20b12e355c","datavalue":{"value":{"entity-type":"item","numeric-id":4922021,"id":"Q4922021"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"54c082899c90027e596158c1e5f9857916db56ac","datavalue":{"value":{"amount":"+0.850847","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1853201$F0CB545E-D10D-43FD-92A1-AA74AFC528FF","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"a5344822522c5d18efd5d3e55aba720af68a068a","datavalue":{"value":{"entity-type":"item","numeric-id":2045093,"id":"Q2045093"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"f582265565d375821cd3e52eefa3375c5660ef72","datavalue":{"value":{"amount":"+0.84945387","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1853201$39D8BD38-1D04-4243-8D4C-3E292DF5F8C1","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"871a7f21e6ef4680beadbeb6af35b9392acc9171","datavalue":{"value":{"entity-type":"item","numeric-id":1614798,"id":"Q1614798"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"35c441b7ba24b23cf7fbb81b91870039def86880","datavalue":{"value":{"amount":"+0.8487841","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1853201$C156F659-3BF1-40C9-97E8-A8AF91218D20","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"f705fd889eeed2cc3f4e491f22b9b7eb99e284f4","datavalue":{"value":{"entity-type":"item","numeric-id":1656433,"id":"Q1656433"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"e0426b8f3361b8f31c6351301b6f2107056bbedf","datavalue":{"value":{"amount":"+0.84485775","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1853201$32FF4D27-4E5F-4BF8-8050-BFDCEC8C0E1A","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"defa37bd94171872fda0b7010ab7a9a2c5f1de41","datavalue":{"value":{"entity-type":"item","numeric-id":1363524,"id":"Q1363524"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"9620e98a1596887917fe0a8100fd89900b4abeab","datavalue":{"value":{"amount":"+0.8420129","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1853201$30B74DBB-501F-4E12-AAC4-70D37B15D0A6","rank":"normal"}]},"sitelinks":{"mardi":{"site":"mardi","title":"Publication:1853201","badges":[],"url":"https://portal.mardi4nfdi.de/wiki/Publication:1853201"}}}}}