TY  - JOUR
TI  - What should be the Price of Assets? Nobel Prizes in Economics 2013
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - asset pricing
KW  - efficient markets hypothesis
KW  - generalized method of moments
KW  - financial market bubbles
KW  - index funds
AB  - This paper reviews the contribution of Eugene Fama, Lars Hansen and Robert Shiller to financial asset pricing research. We show how the Nobel prize winners have changed the approach to asset pricing research, as well as the views of academic economists and investors about price predictability and the risk-return relationship.
AU  - Sergey Gelman
AU  - Carsten Sprenger
UR  - https://ej.hse.ru/en/2014-18-1/119911034.html
PY  - 2014
SP  - 160-172
VL  - 18