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Browsing Recerca: working papers, preprints, informes, etc. by Author "Zapatero, Fernando"

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Asset pricing implications of benchmarking: A two-factor CAPM

Gómez, Juan-Pedro; Zapatero, Fernando (2001-07-01)
Keeping up with the Joneses: An international asset pricing model

Gómez, Juan-Pedro; Priestly, Richard; Zapatero, Fernando (2003-06-01)

We derive an international asset pricing model that assumes local investors have preferences of the type "keeping up with the Joneses." In an international setting investors compare their current wealth with that of their ...

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