Description
7 1/2 X 9 1/4 in Rajnish Mehra (UCSB), Introduction. 1. Rajnish Mehra (UCSB) and Edward C. Prescott (Arizona State), The Equity Premium: ABCs. 2. John B. Donaldson (Columbia) and Rajnish Mehra (UCSB), Risk Ba sed Explanations of the Equity Premium. 3. Rajnish Mehra (U CSB)and Edward C. Prescott (Arizona State), Non-Risk Based Explanations of the Equity Premium. 4. Andy Abel (Wharton), Equity Premi a with Benchmark Levels of Consumption: Closed-Form Results. 5. Ravi Bansal (Duke), Long Run Risks and Risk Compensation in Equity Markets. 6. Nick Barberis (Yale) and Ming Huang (Cornell), The Loss Aversion/Narrow Framing Approach to the Stock Market Pricing an d Participation Puzzles. 7. John Cochrane (Chicago), Financ ial Markets and the Real Economy. 8. George Constantinides (Chicago), Understanding the Equity Risk Premium Puzzle. 9. Gurdip Bakshi (Maryland) and Zhiwu Chen (Yale), Cash Flow Risk and the Equity Premium Puzzle. 10. Jean-Pierre Danthine (Lausanne), John Donaldson (Columbia) and Paolo Siconolfi (Columbia)and Paolo Sicon
