Ian Martin

American Economic Review (forthcoming)

Journal of Finance, 76 (6), 3211-3254

Journal of Financial Economics, 2021, in press

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...

American Economic Review, 109(3), 810-43.