Do supply curves for stocks slope up?

被引：0
|
作者：
Bui, Elisabeth A. [2 ]
Jordan, Steven J. [1 ]
机构：
[1] Kaist Grad Sch Finance, Seoul 130722, South Korea
[2] Korea Univ, Grad Sch Int Studies, Seoul 136701, South Korea
来源：
AFRICAN JOURNAL OF BUSINESS MANAGEMENT | 2009年 / 3卷 / 09期
关键词：
Supply curve slope; CAPM; Lucas exchange tree; JEL classification: G; M2; DEMAND CURVES; SHAREHOLDER HETEROGENEITY; S-AND-P-500; INDEX; PRICE; ARBITRAGE; MARKET; ACQUISITIONS; EQUILIBRIUM; REPURCHASES; COSTS;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The classical assumptions and standard models in finance assume a unit of fixed supply for an asset implying a flat supply curve. This paper empirically examines this claim and demonstrates that the supply curve for stocks slopes upward over the period from 1961 to 2008.
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页码：405 / 409
页数：5
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