The Consumption-Based Capital Asset Pricing Model
给出了连续时间经济中满足基于消费的资本资产定价模型（CCAPM）的均衡条件，并将利率均衡特征扩展到多主体经济，不依赖马尔可夫状态假设。
The paper provides conditions on the primitives of a continuous-time economy under which there exist equilibria obeying the Consumption-Based Capital Asset Pricing Model (CCAPM). The paper also extends the equilibrium characterization of interest rates of Cox, Ingersoll, and Ross (1985) to multi-agent economies. We do not use a Markovian state assumption.