Public Investment and the Risk Premium for Equity
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Description
Analysis of the equity premium puzzle has focused on private-sector capital markets. However, the existence of an anomalous equity premium raises important issues in the evaluation of public-sector investment projects. These issues are explored below. We
Collections | ANU Research Publications |
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Date published: | 2003 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/76817 |
Source: | Economica |
DOI: | 10.1111/1468-0335.t01-1-00268 |
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