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This paper considers a consumption-based asset pricing model where housing is explicitly modeled both as an asset and as a consumption good. Nonseparable preferences describe households' concern with composition risk, that is, fluctuations in the relative share of housing in their consumption...
Persistent link: https://www.econbiz.de/10012767424
Persistent link: https://www.econbiz.de/10005478156
This paper considers a consumption-based asset pricing model where housing is explicitly modeled both as an asset and as a consumption good. Nonseparable preferences describe households' concern with composition risk, that is, fluctuations in the relative share of housing in their consumption...
Persistent link: https://www.econbiz.de/10005034909
Persistent link: https://www.econbiz.de/10005027306
Persistent link: https://www.econbiz.de/10003288958
Persistent link: https://www.econbiz.de/10003439365
Persistent link: https://www.econbiz.de/10007604739
This paper considers a consumption-based asset pricing model where housing is explicitly modeled both as an asset and as a consumption good. Nonseparable preferences describe households' concern with composition risk, that is, fluctuations in the relative share of housing in their consumption...
Persistent link: https://www.econbiz.de/10012466633
Persistent link: https://www.econbiz.de/10006955288