Does market incompleteness matter for asset prices?

被引:5
|
作者
Guvenen, Fatih
Kuruscu, Burhanettin
机构
[1] Univ Rochester, Rochester, NY 14627 USA
[2] Univ Texas, Austin, TX 78712 USA
关键词
D O I
10.1162/jeea.2006.4.2-3.484
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper we argue that market incompleteness resulting from limited stock market participation is important for understanding the behavior of asset prices.
引用
收藏
页码:484 / 492
页数:9
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