Quantitative Asset Pricing Implications of Endogenous Solvency Constraints

The equity premium: A puzzle

1985 • 5,686 citations

Toward a Theory of Discounted Repeated Games with Imperfect Monitoring

1990 • 1,277 citations

On the Theory of Infinitely Repeated Games with Discounting

1988 • 1,256 citations

Asset Pricing with Heterogeneous Consumers

1996 • 1,248 citations

A Simple Test of Consumption Insurance

1991 • 1,014 citations

Implications of Efficient Risk Sharing without Commitment

1996 • 775 citations

Efficiency, Equilibrium, and Asset Pricing with Risk of Default

2000 • 772 citations

Full Insurance in the Presence of Aggregate Uncertainty

1991 • 702 citations

Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing

1996 • 683 citations

Evaluating the effects of incomplete markets on risk sharing nad asset pricing

2010 • 666 citations

Relative Wage Movements and the Distribution of Consumption

1996 • 513 citations

The equity premium and the concentration of aggregate shocks

1986 • 453 citations

INCOME AND WEALTH HETEROGENEITY, PORTFOLIO CHOICE, AND EQUILIBRIUM ASSET RETURNS

1997 • 354 citations

Asset‐pricing Puzzles and Incomplete Markets

1993 • 333 citations

Asset Pricing in Economies with Frictions

1996 • 323 citations

Market Frictions and Consumption-Based Asset Pricing

1995 • 246 citations

Bond and Stock Returns in a Simple Exchange Model

1986 • 212 citations

Endogenous Borrowing Constraints With Incomplete Markets

1997 • 135 citations

Asset Pricing Explorations for Macroeconomics

1992 • 111 citations

Asset-Pricing Puzzles and Incomplete Markets

1993 • 77 citations

EQUILIBRIUM ASSET PRICES AND SAVINGS OF HETEROGENEOUS AGENTS IN THE PRESENCE OF INCOMPLETE MARKETS AND PORTFOLIO CONSTRAINTS

1999 • 75 citations

Informal Insurance Arrangements in Village Economies

1997 • 62 citations

Endogenous Borrowing Constraints with Incomplete Markets

1997 • 37 citations