This paper responds to Rietz's (1988) proposed solution to the Equity Premium Puzzle. We explain why we do not consider his proposed solution to be a resolution of the puzzle and clarify what constitutes a possible solution.
%0 Journal Article
%1 Mehra:JME:1988
%A Mehra, Rajnish
%A Prescott, Edward C.
%D 1988
%J Journal of Monetary Economics
%K disaster equity-premium
%N 1
%P 133-136
%R http://dx.doi.org/10.1016/0304-3932(88)90173-0
%T The Equity Risk Premium: a Solution?
%U http://www.sciencedirect.com/science/article/pii/0304393288901730
%V 22
%X This paper responds to Rietz's (1988) proposed solution to the Equity Premium Puzzle. We explain why we do not consider his proposed solution to be a resolution of the puzzle and clarify what constitutes a possible solution.
@article{Mehra:JME:1988,
abstract = {This paper responds to Rietz's (1988) proposed solution to the Equity Premium Puzzle. We explain why we do not consider his proposed solution to be a resolution of the puzzle and clarify what constitutes a possible solution. },
added-at = {2014-10-13T22:21:47.000+0200},
author = {Mehra, Rajnish and Prescott, Edward C.},
biburl = {https://www.bibsonomy.org/bibtex/2fbfb3a65d6995b1b34c75e91353cafd3/fcqms},
description = {The equity risk premium: A solution?},
doi = {http://dx.doi.org/10.1016/0304-3932(88)90173-0},
interhash = {23b77afa300f874d2d832f7a233f777e},
intrahash = {fbfb3a65d6995b1b34c75e91353cafd3},
issn = {0304-3932},
journal = {Journal of Monetary Economics },
keywords = {disaster equity-premium},
number = 1,
pages = {133-136},
timestamp = {2014-10-13T22:23:03.000+0200},
title = {The Equity Risk Premium: a Solution? },
url = {http://www.sciencedirect.com/science/article/pii/0304393288901730},
volume = 22,
year = 1988
}