Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework
1989/07/01 by Larry G. Epstein, Stanley E. Zin · 4,500 citations
Economics, Econometrics and Finance · #Asset (computer security) #Capital asset pricing model #Computer science #Consumption (sociology) #Econometrics #Economic theories and models #Economics #Expected utility hypothesis #Financial Markets and Investment Strategies #Financial economics #Microeconomics #Monetary Policy and Economic Impact #Risk aversion (psychology) #Substitution (logic)
paper · doi:10.2307/1913778
published in Econometrica 57(4), 937 (Wiley)
openalex publication_date 1989/07/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/05
Abstract
Larry G. Epstein, Stanley E. Zin, Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework, Econometrica, Vol. 57, No. 4 (Jul., 1989), pp. 937-969
Citations
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