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Estimating Nonseparable Preference Specifications for Asset Market Participants

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  • Kris Jacobs

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  • Kris Jacobs, 2001. "Estimating Nonseparable Preference Specifications for Asset Market Participants," CIRANO Working Papers 2001s-12, CIRANO.
    • Handle: RePEc:cir:cirwor:2001s-12
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    More about this item

    Keywords

    Market incompleteness; asset market participation; equity premium puzzle; dynamic macroeconomics; nonseparabilities; consumption; leisure; Euler equation estimation; Incomplétude des marchés; participation au marché des actions; casse-tête de prime de titres; macroéconomie dynamique; inséparabilité; consommation; loisirs; estimation de l'équation d'Euler;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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