Asset pricing with endogenously uninsurable tail risk

DOI10.3982/ECTA15142MaRDI QIDQ5860146zbMATHFDO

Authors Hengjie Ai, Anmol Bhandari

Publication date 18 November 2021

Published in Econometrica (Search for Journal in Brave)

zbMATH Keywords

limited commitmentequity premium puzzletail riskdynamic contracting

Mathematics Subject Classification ID

Labor markets (91B39) Contract theory (moral hazard, adverse selection) (91B41)

Recommendations

• Labour Relations and Asset Returns
• Portfolio choices, firm shocks and uninsurable wage risk
• Asset returns in an endogenous growth model with incomplete markets
• Asset pricing with jump/diffusion permanent income shocks
• Idiosyncratic risk and financial policy

Cited in

(1)

• Labour Relations and Asset Returns

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