Rasmussen, Anne-Sofie Reng - Ehrvervøkonomisk Institut, Institut for Økonomi - 2006
models from two strands of literature attempting to improve on the poor empirical results of the C-CAPM. One strand is based … the traditional C-CAPM as its starting point, but substitutes all references to consumption out, as empirical consumption … data is assumed to be error ridden. The other strand to be investigated is based on the premise that the C-CAPM is only …