Estimates of the marginal rate of time preference and average risk aversion of i

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【全文链接或数据库名称(选填)】Estimates of the marginal rate of time preference and average risk aversion of investors in electric utility shares: 1960-66RH Litzenberger, CU Rao - The Bell Journal of Economics and Management …, 1971 - JSTOR
This paper develops an econometric model of the valuation of electric utility shares. This
model, based upon the Sharpe-Lintner capital market theory, yields indirect estimates of the
marginal rate of time preference and average risk aversion of investors in electric utility ...
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