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    <SEQUENTIAL>
      <record key="001" att1="001" value="152477" att2="152477">001   152477</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-153.pdf</field>
      <field key="079" subkey="z">Mele, Antonio, General Properties of Rational Stock-Market Fluctuations (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/153.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 153 (RePEc)</field>
      <field key="100" subkey="">Mele, Antonio</field>
      <field key="103" subkey="">The London School of Economics and Political Science</field>
      <field key="331" subkey="">General Properties of Rational Stock-Market Fluctuations</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">2004, March</field>
      <field key="433" subkey="">50 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 153</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Fisher, Walter (Assoc. Ed.) ; Ritzberger, Klaus (Assoc. Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="517" subkey="c">from the Table of Contents: Introduction; The model; Issues; A simplified version of the theory; Stochastic consumption growth;</field>
      <field key="Tim" subkey="e">-varying Sharpe ratios; Higher dimensional extensions; Conclusion; Appendixes;</field>
      <field key="542" subkey="">1605-7996</field>
      <field key="544" subkey="">IHSES 153</field>
      <field key="700" subkey="">D91</field>
      <field key="700" subkey="">E44</field>
      <field key="700" subkey="">G12</field>
      <field key="720" subkey="">Pricing kernel restrictions</field>
      <field key="720" subkey="">Convexity</field>
      <field key="720" subkey="">Equilibrium volatility</field>
      <field key="753" subkey="">Abstract: Which pricing kernel restrictions are needed to make low dimensional Markov models consistent with given sets of</field>
      <field key="pre" subkey="d">ictions on aggregate stock-market fluctuations? This paper develops theoretical test conditions addressing this and related</field>
      <field key="rev" subkey="e">rse engineering issues arising within a fairly general class of long-lived asset pricing models. These conditions solely</field>
      <field key="aff" subkey="e">ct the first primitives of the economy (probabilistic descriptions of the world, information structures, and preferences).</field>
      <field key="The" subkey="y">thus remove some of the arbitrariness related to the specification of theoretical models involving unobserved variables,</field>
      <field key="sta" subkey="t">e-dependent preferences, and incomplete markets.;</field>
    </SEQUENTIAL>
  </section>