{"created":"2023-06-20T15:06:40.504857+00:00","id":2054,"links":{},"metadata":{"_buckets":{"deposit":"5ca21f2f-2ba6-4635-bd5f-496ec2214e2e"},"_deposit":{"created_by":3,"id":"2054","owners":[3],"pid":{"revision_id":0,"type":"depid","value":"2054"},"status":"published"},"_oai":{"id":"oai:ynu.repo.nii.ac.jp:00002054","sets":["316:317"]},"author_link":["163"],"item_2_biblio_info_8":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2011","bibliographicIssueDateType":"Issued"},"bibliographicIssueNumber":"2","bibliographicPageEnd":"275","bibliographicPageStart":"245","bibliographicVolumeNumber":"15","bibliographic_titles":[{"bibliographic_title":"Review of finance : journal of the European Finance Association"}]}]},"item_2_description_17":{"attribute_name":"フォーマット","attribute_value_mlt":[{"subitem_description":"application/pdf","subitem_description_type":"Other"}]},"item_2_description_5":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"This paper considers a stock market with ambiguity-averse informed investors under the CARA-normal setting, and studies the relationship between limited market participation and the equity premium which is decomposed into the risk premium and the ambiguity premium. In a rational expectations equilibrium, limited market participation arises if the largest deviation of investors’ ambiguity increases sufficiently or if the variance of the stock return decreases sufficiently. In each case, a change in the risk premium and a change in the ambiguity premium may have opposite signs. This paper identifies conditions under which a change with the plus sign dominates and thus the equity premium increases when fewer investors participate in the stock market.","subitem_description_type":"Abstract"}]},"item_2_full_name_2":{"attribute_name":"著者(ヨミ)","attribute_value_mlt":[{"nameIdentifiers":[{},{}],"names":[{"name":"ウイ, タカシ"}]}]},"item_2_full_name_3":{"attribute_name":"著者別名","attribute_value_mlt":[{"nameIdentifiers":[{},{}],"names":[{}]}]},"item_2_publisher_35":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"Oxford University Press"}]},"item_2_source_id_11":{"attribute_name":"書誌レコードID","attribute_value_mlt":[{"subitem_source_identifier":"AA11942199","subitem_source_identifier_type":"NCID"}]},"item_2_source_id_9":{"attribute_name":"ISSN","attribute_value_mlt":[{"subitem_source_identifier":"15723097","subitem_source_identifier_type":"ISSN"}]},"item_2_text_4":{"attribute_name":"著者所属","attribute_value_mlt":[{"subitem_text_value":"Faculty of Economics Yokohama National University"}]},"item_2_version_type_18":{"attribute_name":"著者版フラグ","attribute_value_mlt":[{"subitem_version_resource":"http://purl.org/coar/version/c_ab4af688f83e57aa","subitem_version_type":"AM"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"Ui, Takashi"}],"nameIdentifiers":[{"nameIdentifier":"163","nameIdentifierScheme":"WEKO"},{"nameIdentifier":"60312815","nameIdentifierScheme":"e-Rad","nameIdentifierURI":"https://kaken.nii.ac.jp/ja/search/?qm=60312815"}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2016-09-15"}],"displaytype":"detail","filename":"Ui2011.pdf","filesize":[{"value":"187.7 kB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"Ui2011.pdf","url":"https://ynu.repo.nii.ac.jp/record/2054/files/Ui2011.pdf"},"version_id":"3dd722a1-337c-4f36-b02a-6ea9d4041bdd"}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"asset price","subitem_subject_scheme":"Other"},{"subitem_subject":"ambiguity","subitem_subject_scheme":"Other"},{"subitem_subject":"asymmetric information","subitem_subject_scheme":"Other"},{"subitem_subject":"rational expectations","subitem_subject_scheme":"Other"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"journal article","resourceuri":"http://purl.org/coar/resource_type/c_6501"}]},"item_title":"The Ambiguity Premium vs. the Risk Premium under Limited Market Participation","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"The Ambiguity Premium vs. the Risk Premium under Limited Market Participation"}]},"item_type_id":"2","owner":"3","path":["317"],"pubdate":{"attribute_name":"公開日","attribute_value":"2011-06-24"},"publish_date":"2011-06-24","publish_status":"0","recid":"2054","relation_version_is_last":true,"title":["The Ambiguity Premium vs. the Risk Premium under Limited Market Participation"],"weko_creator_id":"3","weko_shared_id":3},"updated":"2023-06-20T19:18:42.991782+00:00"}