{"id":"https://openalex.org/W2142060207","doi":"https://doi.org/10.1007/s00780-010-0141-9","title":"Pricing growth-rate risk","display_name":"Pricing growth-rate risk","publication_year":2010,"publication_date":"2010-09-27","ids":{"openalex":"https://openalex.org/W2142060207","doi":"https://doi.org/10.1007/s00780-010-0141-9","mag":"2142060207"},"language":"en","primary_location":{"id":"doi:10.1007/s00780-010-0141-9","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s00780-010-0141-9","pdf_url":null,"source":{"id":"https://openalex.org/S172526255","display_name":"Finance and Stochastics","issn_l":"0949-2984","issn":["0949-2984","1432-1122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Stochastics","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5071003992","display_name":"Lars Peter Hansen","orcid":"https://orcid.org/0000-0003-0035-8558"},"institutions":[{"id":"https://openalex.org/I40347166","display_name":"University of Chicago","ror":"https://ror.org/024mw5h28","country_code":"US","type":"education","lineage":["https://openalex.org/I40347166"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Lars Peter Hansen","raw_affiliation_strings":["Departments of Economics and Statistics, University of Chicago, Chicago, IL, USA","University-of Chicago"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Departments of Economics and Statistics, University of Chicago, Chicago, IL, USA","institution_ids":["https://openalex.org/I40347166"]},{"raw_affiliation_string":"University-of Chicago","institution_ids":["https://openalex.org/I40347166"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5110738909","display_name":"Jos\u00e9 Scheinkman","orcid":null},"institutions":[{"id":"https://openalex.org/I20089843","display_name":"Princeton University","ror":"https://ror.org/00hx57361","country_code":"US","type":"education","lineage":["https://openalex.org/I20089843"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Jos\u00e9 A. Scheinkman","raw_affiliation_strings":["Department of Economics, Princeton University, Princeton, NJ, USA","Princeton University#TAB#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, Princeton University, Princeton, NJ, USA","institution_ids":["https://openalex.org/I20089843"]},{"raw_affiliation_string":"Princeton University#TAB#","institution_ids":["https://openalex.org/I20089843"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5110738909"],"corresponding_institution_ids":["https://openalex.org/I20089843"],"apc_list":{"value":2290,"currency":"EUR","value_usd":2890},"apc_paid":null,"fwci":2.6898,"has_fulltext":false,"cited_by_count":38,"citation_normalized_percentile":{"value":0.91343121,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"16","issue":"1","first_page":"1","last_page":"15"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9983999729156494,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9983999729156494,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9944999814033508,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9836000204086304,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.7078782320022583},{"id":"https://openalex.org/keywords/stochastic-discount-factor","display_name":"Stochastic discount factor","score":0.6562280654907227},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.5753182172775269},{"id":"https://openalex.org/keywords/stochastic-game","display_name":"Stochastic game","score":0.5222026705741882},{"id":"https://openalex.org/keywords/multiplicative-function","display_name":"Multiplicative function","score":0.505645751953125},{"id":"https://openalex.org/keywords/valuation","display_name":"Valuation (finance)","score":0.48824551701545715},{"id":"https://openalex.org/keywords/discounting","display_name":"Discounting","score":0.47966793179512024},{"id":"https://openalex.org/keywords/markov-process","display_name":"Markov process","score":0.4705422520637512},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.45757412910461426},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.44910264015197754},{"id":"https://openalex.org/keywords/geometric-brownian-motion","display_name":"Geometric Brownian motion","score":0.4462661147117615},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.3526122570037842},{"id":"https://openalex.org/keywords/capital-asset-pricing-model","display_name":"Capital asset pricing model","score":0.3399628698825836},{"id":"https://openalex.org/keywords/diffusion-process","display_name":"Diffusion process","score":0.21341240406036377},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.13234522938728333},{"id":"https://openalex.org/keywords/statistics","display_name":"Statistics","score":0.09390750527381897},{"id":"https://openalex.org/keywords/economy","display_name":"Economy","score":0.09071946144104004}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7078782320022583},{"id":"https://openalex.org/C33175817","wikidata":"https://www.wikidata.org/wiki/Q3740200","display_name":"Stochastic discount factor","level":3,"score":0.6562280654907227},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5753182172775269},{"id":"https://openalex.org/C22171661","wikidata":"https://www.wikidata.org/wiki/Q1074380","display_name":"Stochastic game","level":2,"score":0.5222026705741882},{"id":"https://openalex.org/C42747912","wikidata":"https://www.wikidata.org/wiki/Q1048447","display_name":"Multiplicative function","level":2,"score":0.505645751953125},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.48824551701545715},{"id":"https://openalex.org/C6177178","wikidata":"https://www.wikidata.org/wiki/Q10998070","display_name":"Discounting","level":2,"score":0.47966793179512024},{"id":"https://openalex.org/C159886148","wikidata":"https://www.wikidata.org/wiki/Q176645","display_name":"Markov process","level":2,"score":0.4705422520637512},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.45757412910461426},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.44910264015197754},{"id":"https://openalex.org/C101615488","wikidata":"https://www.wikidata.org/wiki/Q1503307","display_name":"Geometric Brownian motion","level":4,"score":0.4462661147117615},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.3526122570037842},{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.3399628698825836},{"id":"https://openalex.org/C68710425","wikidata":"https://www.wikidata.org/wiki/Q5275442","display_name":"Diffusion process","level":3,"score":0.21341240406036377},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.13234522938728333},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.09390750527381897},{"id":"https://openalex.org/C136264566","wikidata":"https://www.wikidata.org/wiki/Q159810","display_name":"Economy","level":1,"score":0.09071946144104004},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C2780378061","wikidata":"https://www.wikidata.org/wiki/Q25351891","display_name":"Service (business)","level":2,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1007/s00780-010-0141-9","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s00780-010-0141-9","pdf_url":null,"source":{"id":"https://openalex.org/S172526255","display_name":"Finance and Stochastics","issn_l":"0949-2984","issn":["0949-2984","1432-1122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Stochastics","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.210.8140","is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.210.8140","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://home.uchicago.edu/%7Elhansen/growthraterisk_rev8.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.408.5258","is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.408.5258","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www2.le.ac.uk/departments/mathematics/extranet/staff-material/staff-profiles/sl278/finance-and-economics/workshoppapers/HansenP.pdf/","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.516.3753","is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.516.3753","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.princeton.edu/~joses/wp/PricingGRR.pdf","raw_type":"text"},{"id":"pmh:oai:RePEc:spr:finsto:v:16:y:2012:i:1:p:1-15","is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1007/s00780-010-0141-9","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":15,"referenced_works":["https://openalex.org/W1577527822","https://openalex.org/W1579485993","https://openalex.org/W1580561995","https://openalex.org/W1896334271","https://openalex.org/W1990761500","https://openalex.org/W1995713768","https://openalex.org/W2017273365","https://openalex.org/W2044192670","https://openalex.org/W2151832703","https://openalex.org/W2324734891","https://openalex.org/W3122681729","https://openalex.org/W3125482513","https://openalex.org/W3125868174","https://openalex.org/W4235816940","https://openalex.org/W4243465933"],"related_works":["https://openalex.org/W2150921855","https://openalex.org/W3094399342","https://openalex.org/W3022230258","https://openalex.org/W2944004107","https://openalex.org/W2112180773","https://openalex.org/W3208642067","https://openalex.org/W3125350412","https://openalex.org/W2952198631","https://openalex.org/W3123124280","https://openalex.org/W4301215998"],"abstract_inverted_index":null,"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":8},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":9},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":2}],"updated_date":"2026-06-19T15:47:20.252518","created_date":"2025-10-10T00:00:00"}
