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American Economic Association
Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?
Author(s): Robert J. Shiller
Source: The American Economic Review, Vol. 71, No. 3 (Jun., 1981), pp. 421-436
Published by: American Economic Association
Stable URL: /stable/1802789 .
Accessed: 02/04/2011 11:05
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American Economic Review.
Do Stock PricesMove Too Much to be
Justifiedby SubsequentChangesin Dividends?
J. SHILLER*
By ROBERT
on the stock and
A simplemodel that is commonlyused to and RichardPorter market,
inter
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