Risultati della ricerca

• 1. chapter 1 asset Pricing (100%)

  13-dic-2019 18.10.46

  [ ] ′ the asset; E βu (c )x is the increase in (discounted, expected) util- t t+1 t+1 ity he obtains ... are easily derived by scaling prices and dividends by discounted marginal util- ity first, and then using