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- W2007156926 abstract "The symmetry restriction in a system of financial asset demands has frequently been employed to reduce the number of independent parameters to be estimated. The theoretical implications of the symmetry restriction are examined in this paper, and it is found that symmetry implies a particular type of risk averse portfolio behavior. The symmetry restriction is also examined empirically, and the evidence supports symmetry only in cases where coefficients on cross-asset yields are insignificantly different from zero." @default.
- W2007156926 created "2016-06-24" @default.
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- W2007156926 date "1980-12-01" @default.
- W2007156926 modified "2023-10-16" @default.
- W2007156926 title "Symmetry Restrictions in a System of Financial Asset Demands: A Theoretical and Empirical Analysis" @default.
- W2007156926 hasPublicationYear "1980" @default.
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