The learning premium

Bichuch, M; Guasoni, P

Bichuch, M (reprint author), Johns Hopkins Univ, Whiting Sch Engn, Dept Appl Math & Stat, 3400 North Charles St, Baltimore, MD 21218 USA.

MATHEMATICS AND FINANCIAL ECONOMICS, 2020; 14 (1): 175

Abstract

We find equilibrium stock prices and interest rates in a representative-agent model where dividend growth is uncertain, but gradually revealed by divi......

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