Asset pricing with undiversifiable income risk and short sales constraints

The equity premium: A puzzle

1985 • 5,686 citations

Asset Prices in an Exchange Economy

1978 • 5,134 citations

Habit Formation: A Resolution of the Equity Premium Puzzle

1990 • 2,223 citations

Consumption and Liquidity Constraints: An Empirical Investigation

1989 • 1,944 citations

Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis

1991 • 1,765 citations

Stochastic Consumption, Risk Aversion, and the Temporal Behavior of Asset Returns

1983 • 1,611 citations

The equity premium puzzle and the risk-free rate puzzle

1989 • 1,394 citations

The equity risk premium a solution

1988 • 1,322 citations

Implications of Security Market Data for Models of Dynamic Economies

1991 • 1,158 citations

The Equity Premium Puzzle and the Riskfree Rate Puzzle

1989 • 1,038 citations

Cost of Business Cycles with Indivisibilities and Liquidity Constraints

1989 • 501 citations

The equity premium and the concentration of aggregate shocks

1986 • 453 citations

Asset returns with transactions costs and uninsured individual risk

1991 • 342 citations

Expectations and Volatility of Consumption and Asset Returns

1990 • 335 citations

Borrowing Constraints and Aggregate Economic Activity

1986 • 290 citations

Disentangling the Coefficient of Relative Risk Aversion from the Elasticity of Intertemporal Substitution: An Irrelevance Result

1990 • 146 citations

Asset-Pricing Puzzles and Incomplete Markets

1993 • 77 citations

Disentangling the Coefficient of Relative Risk Aversion from the Elasticity of Intertemporal Substitution: An Irrelevance Result

1990 • 53 citations