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On the Valuation of Long-Dated Assets
16 references·6 citing·39 second hop
On the Valuation of Long-Dated Assets (2012)On the Valuation of Long-Dated AssetsOn Modeling and Interpreting the Economics of Catastrophic Climate Change (2009)On Modeling and Interpreting …Subjective Expectations and Asset-Return Puzzles (2007)Subjective Expectations and A…Rare Disasters and Asset Markets in the Twentieth Century* (2006)Rare Disasters and Asset Mark…Bad Beta, Good Beta (2004)Bad Beta, Good BetaDiscounting an uncertain future (2002)Discounting an uncertain futu…Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)Risks for the Long Run: A Pot…Recursive Macroeconomic Theory (2000)Recursive Macroeconomic TheoryBy Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior (1999)By Force of Habit: A Consumpt…Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate (1998)Why the Far-Distant Future Sh…Implications of Security Market Data for Models of Dynamic Economies (1991)Implications of Security Mark…Implications of Security Market Data for Models of Dynamic Economies (1990)Implications of Security Mark…Equivalent martingale measures and no-arbitrage in stochastic securities market models (1990)Equivalent martingale measure…The equity risk premium a solution (1988)The equity risk premium a sol…The Role of Conditioning Information in Deducing Testable Restrictions Implied by Dynamic Asset Pricing Models (1987)The Role of Conditioning Info…Martingales and arbitrage in multiperiod securities markets (1979)Martingales and arbitrage in …Criteria for Choice Among Risky Ventures (1959)Criteria for Choice Among Ris…Dynamic asset (mis)pricing: Build-up versus resolution anomalies (2022)Dynamic asset (mis)pricing: B…Applying Asset Pricing Theory to Calibrate the Price of Climate Risk (2016)Applying Asset Pricing Theory…Aging Population, Retirement, and Risk Taking (2015)Aging Population, Retirement,…Aggregation of preferences for skewed asset returns (2014)Aggregation of preferences fo…Rare Disasters, Tail-Hedged Investments, and Risk-Adjusted Discount Rates (2012)Rare Disasters, Tail-Hedged I…Evaluation of Long-Dated Investments Under Uncertain Growth Trend, Volatility and Catastrophes (2012)Evaluation of Long-Dated Inve…The Pricing of Options and Corporate Liabilities (1973)Option pricing: A simplified approach (1979)Good News and Bad News: Representation Theorems and Applications (1981)Valuing American Options by Simulation: A Simple Least-Squares Approach (2001)Asset Prices in an Exchange Economy (1978)The equity premium: A puzzle (1985)The Equity Premium Puzzle and the Riskfree Rate Puzzle (1989)The Consumption of Stockholders and Non-Stockholders (1990)Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance * (2012)Short- Term Interest Rates as Predictors of Inflation (2021)The "Stern Review" on the Economics of Climate Change (2006)A Review of the Stern Review on the Economics of Climate Change (2007)The Economics of Climate Change: The Stern Review (2007)The Economics of Climate Change (2010)Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry (2016)Estimating economic damage from climate change in the United States (2017)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Presidential Address: Discount Rates (2011)Value and Momentum Everywhere (2013)… and the Cross-Section of Expected Returns (2015)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Catastrophic Natural Disasters and Economic Growth (2013)Measuring Systemic Risk (2016)American Economic Review (2019)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Industry Concentration and Average Stock Returns (2003)Consumption Strikes Back? Measuring Long‐Run Risk (2008)Investor Sentiment Aligned: A Powerful Predictor of Stock Returns (2014)The Theory of Syndicates (1968)Search-Theoretic Models of the Labor Market: A Survey (2005)Default Risk and Income Fluctuations in Emerging Economies (2007)Growth Based on Increasing Returns Due to Specialization (2016)Investor Psychology and Security Market Under‐ and Overreactions (1998)Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles (2008)The Conditional CAPM and the Cross-Section of Expected Returns (1996)Conditional Skewness in Asset Pricing Tests (2000)
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References

  • 1999By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior5,088 cited
  • 2000Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles4,249 cited
  • 1979Martingales and arbitrage in multiperiod securities markets3,595 cited
  • 2006Rare Disasters and Asset Markets in the Twentieth Century*2,324 cited
  • 2009On Modeling and Interpreting the Economics of Catastrophic Climate Change1,789 cited
  • 2000Recursive Macroeconomic Theory1,589 cited
  • 1988The equity risk premium a solution1,397 cited
  • 1991Implications of Security Market Data for Models of Dynamic Economies1,182 cited
  • 2004Bad Beta, Good Beta1,167 cited
  • 1990Implications of Security Market Data for Models of Dynamic Economies1,088 cited
  • 1987The Role of Conditioning Information in Deducing Testable Restrictions Implied by Dynamic Asset Pricing Models980 cited
  • 1998Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate962 cited
  • 1990Equivalent martingale measures and no-arbitrage in stochastic securities market models421 cited
  • 1959Criteria for Choice Among Risky Ventures401 cited
  • 2007Subjective Expectations and Asset-Return Puzzles

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385 cited
  • 2002Discounting an uncertain future357 cited
  • Cited by

    • 2016Applying Asset Pricing Theory to Calibrate the Price of Climate Risk91 cited
    • 2012Rare Disasters, Tail-Hedged Investments, and Risk-Adjusted Discount Rates46 cited
    • 2022Dynamic asset (mis)pricing: Build-up versus resolution anomalies41 cited
    • 2014Aggregation of preferences for skewed asset returns36 cited
    • 2015Aging Population, Retirement, and Risk Taking28 cited
    • 2012Evaluation of Long-Dated Investments Under Uncertain Growth Trend, Volatility and Catastrophes27 cited