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Time-inconsistent preferences, investment and asset pricing

Liu, Bo; Lu, Lei; Mu, Congming; Yang, Jinqiang - In: Economics letters 148 (2016), pp. 48-52

Persistent link: https://www.econbiz.de/10011619802

Optimal contract theory with time-inconsistent preferences

Li, Hong; Mu, Congming; Yang, Jinqiang - In: Economic modelling 52 (2016), pp. 519-530

Persistent link: https://www.econbiz.de/10011642896

Dynamic agency and investment theory with time-inconsistent preferences

Liu, Bo; Mu, Congming; Yang, Jinqiang - In: Finance research letters 20 (2017), pp. 88-95

Persistent link: https://www.econbiz.de/10011806800

Optimal mortgage contracts with time-inconsistent preferences

Liu, Wenqiong; Huang, Wenli; Liu, Bo; Mu, Congming - In: The European journal of finance 25 (2019) 18, pp. 1834-1855

Persistent link: https://www.econbiz.de/10012207159

Portfolio choice with skewness preference and wealth-dependent risk aversion

Mu, Congming; Tian, Weidong; Yang, Jinqiang - In: Quantitative finance 19 (2019) 11, pp. 1905-1919

Persistent link: https://www.econbiz.de/10015123059

Heterogeneous Preferences, Investment, and Asset Pricing

Liu, Bo - 2019

We present a production-based model in which agents have heterogeneous risk aversion and heterogeneous discount rates. When the less risk-averse agent is more impatient, the two types of agents can coexist for a long time. The heterogeneity in risk aversion and discount rate induces the wealth...

Persistent link: https://www.econbiz.de/10012902533