抄録
In this paper, we develop a new model that explicitly considers two endogenous consumption items and investigates its applicability to consumption-capital asset pricing model (C-CAPM) by testing it with various sets of instruments. We found that our model is not rejected with reasonable values for both risk aversion and time preference parameters.
| 本文言語 | English |
|---|---|
| ページ（範囲） | 1183-1187 |
| ページ数 | 5 |
| ジャーナル | Economics Bulletin |
| 巻 | 31 |
| 号 | 2 |
| 出版ステータス | Published - 2011 7月 5 |
ASJC Scopus subject areas
- 経済学、計量経済学および金融学（全般）