Equity premium in a production economy. A parametric example

Parantap Basu; Siddhartha Chib

doi:10.1016/0165-1765(85)90078-3

Equity premium in a production economy. A parametric example

Parantap Basu
, Siddhartha Chib

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

A simple Arrow-Debreu model with production and adjustment cost is developed and it is shown how the production parameters interact in determining the steady state equity premium. We also show that the equity premium is highest in exchange economy.

Original language	English
Pages (from-to)	53-58
Number of pages	6
Journal	Economics Letters
Volume	18
Issue number	1
DOIs	https://doi.org/10.1016/0165-1765(85)90078-3
State	Published - 1985

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title = "Equity premium in a production economy. A parametric example",

abstract = "A simple Arrow-Debreu model with production and adjustment cost is developed and it is shown how the production parameters interact in determining the steady state equity premium. We also show that the equity premium is highest in exchange economy.",

author = "Parantap Basu and Siddhartha Chib",

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AU - Chib, Siddhartha

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DO - 10.1016/0165-1765(85)90078-3

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SN - 0165-1765

VL - 18

SP - 53

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JO - Economics Letters

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Equity premium in a production economy. A parametric example

Abstract

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