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Author:Gollier, C.
Title:Wealth inequality and asset pricing
Journal:Review of Economic Studies
2001 : JAN, VOL. 68:1(234), p. 181-203
Index terms:ASSET VALUATION
INEQUALITY
WEALTH
Language:eng
Abstract:In an Arrow-Debreu exchange economy with identical agents except for their initial endowment, the authors examine how wealth inequality affects the equilibrium level of the equity premium and risk-free rate.
SCIMA record nr: 221608
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