Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Models

This paper studies the ability of a general class of habit-based asset pricing models to match the conditional moment restrictions implied by asset pricing theory.

Year of publication:	2004-11-22
Authors:	Chen, Xiaohong ; Ludvigson, Sydney C.
Subject:	Anlageverhalten \| Kapitalmarkttheorie \| Preismodell \| price structure

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Extent:	336896 bytes 37 p. application/pdf
Series:	NYU Salomon Center for the Study of Financial Institutions - Macro-Finance - Working papers NYU Salomon Center for the Study of Financial Institutions - Macro-Finance - Arbeitspapiere; S-MF-04-09 JOURNAL OF APPLIED ECONOMETRICS,J. Appl. Econ. 24: 1057–1093 (2009)
Type of publication:	Book / Working Paper
Language:	English
Classification:	C14 - Semiparametric and Nonparametric Methods ; C52 - Model Evaluation and Testing ; G12 - Asset Pricing ; Financial theory ; Individual Working Papers, Preprints ; Individual Articles ; No country specification
Source:	USB Cologne (business full texts)

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