The equity risk premium: A solution?
Journal of Monetary EconomicsPublished 1 July 1988Open access
Rajnish Mehra, Edward C. Prescott
Citations145
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Abstract
This paper responds to Rietz's (1988) proposed solution to the Equity Premium Puzzle. We explain why we do not consider his proposed solution to be a resolution of the puzzle and clarify what constitutes a possible solution.
Keywords
Economics, Econometrics and FinanceBusiness, Management and Accounting
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