Ian Martin

American Economic Review, 112 (8), 2465-2517

Journal of Financial Economics, 145 (1), 154–177

Journal of Financial Economics, 145(1), 154-177

Journal of Finance, 76 (6), 3211-3254

This paper studies the restrictions on consumption, portfolio choice, and social discounting implied by a sustainability constraint, that utility...

Journal of Financial Economics, 134 (3),  689-702

Journal of Finance, 74(4), Pages 1887-1929.

We present a dynamic model featuring risk-averse investors with heterogeneous beliefs. Individual investors have stable beliefs and risk aversion, but...