Risk and Return: Consumption Beta Versus Market Beta
- 1 August 1986
- journal article
- Published by JSTOR in The Review of Economics and Statistics
- Vol. 68 (3) , 452
- https://doi.org/10.2307/1926022
Abstract
Much recent work emphasizes the joint nature of the consumption decision and the portfolio allocation decision. In this paper, we compare two formulations of th...Keywords
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