Consumption-based Asset Pricing Model
GPTKB entity
Statements (33)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Asset Pricing Model
|
| gptkbp:abbreviation |
gptkb:CAPM
|
| gptkbp:assumes |
gptkb:Rational_Expectations
gptkb:Representative_Agent |
| gptkbp:basedOn |
Intertemporal Consumption Choices
|
| gptkbp:criticizedFor |
Difficulty Explaining Asset Returns
Empirical Weaknesses |
| gptkbp:describes |
Relationship between consumption and asset returns
|
| gptkbp:explains |
gptkb:Equity_Premium_Puzzle
Risk-free Rate Puzzle |
| gptkbp:extendsTo |
gptkb:Capital_Asset_Pricing_Model
gptkb:Arbitrage_Pricing_Theory |
| gptkbp:field |
Economics
Finance |
| gptkbp:form |
Asset price equals expected discounted value of future payoffs
|
| gptkbp:hasConcept |
Consumption Smoothing
Intertemporal Substitution Marginal Utility of Consumption |
| https://www.w3.org/2000/01/rdf-schema#label |
Consumption-based Asset Pricing Model
|
| gptkbp:influenced |
Habit Formation Models
Long-run Risks Models Recursive Utility Models |
| gptkbp:proposedBy |
gptkb:Robert_Hall
gptkb:Robert_Lucas Douglas Breeden |
| gptkbp:relatedTo |
Expected Utility Theory
Risk Aversion Stochastic Discount Factor Time Preference |
| gptkbp:uses |
Euler Equation
|
| gptkbp:yearProposed |
1970s
|
| gptkbp:bfsParent |
gptkb:Asset_Pricing
|
| gptkbp:bfsLayer |
7
|