@techreport{NBERw4524,
 title = "A Revealed Preference Analysis of Asset Pricing Under Recursive Utility",
 author = "Larry G. Epstein and Angelo Melino",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "4524",
 year = "1993",
 month = "November",
 URL = "http://www.nber.org/papers/w4524",
 abstract = {This paper considers a representative agent model of asset prices based on a recursive utility specification.  A constant elasticity of intertemporal substitution is assumed but the risk-preference component of utility is restricted only by qualitative, nonparametric regularity conditions.  The principal contribution is to determine the exhaustive implications of this semiparametric recursive utility model for the one-step ahead joint probability distribution for consumption growth and asset returns.},
}