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The Equity Premium Puzzle: A Review - Foundations and Trends (R) in Finance
Rajnish Mehra
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The Equity Premium Puzzle: A Review - Foundations and Trends (R) in Finance
Rajnish Mehra
Reviews the literature on this phenomenon from the original papers by Mehra and Prescott to the present. The author shows that the equity premium - the return earned by a broad market index in excess of that earned by a relatively risk-free security - is not a premium for bearing non-diversifiable risk.
96 pages
| Media | Books Paperback Book (Book with soft cover and glued back) |
| Released | September 27, 2007 |
| ISBN13 | 9781601980649 |
| Publishers | now publishers Inc |
| Pages | 96 |
| Dimensions | 156 × 234 × 5 mm · 145 g |
| Language | English |
