An Intertemporal Asset Pricing Model with Stochastic Consumption and Investment Opportunities

  title={An Intertemporal Asset Pricing Model with Stochastic Consumption and Investment Opportunities},
  author={Douglas T. Breeden},
  journal={ERN: Asset Pricing Models (Topic)},

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  • J. Lintner
  • Economics
    Journal of Financial and Quantitative Analysis
  • 1969
The vector of equilibrium aggregate market values (or per share prices) of a given set of risk assets trading in purely competitive markets of individually risk-averse investors has been derived in

Stock prices, inflation, and the term structure of interest rates