Durable Consumption and Asset Management with Transaction and Observation Costs
نویسندگان
چکیده
منابع مشابه
Durable Consumption and Asset Management with Transaction and Observation Costs
The empirical evidence on rational inattention lags far behind the theoretical developments: micro evidence on the most immediate consequence of observation costs − the infrequent observation of state variables − is not available in standard datasets. We contribute to filling the gap with two novel household surveys that record the frequency with which investors observe the value of their finan...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2012
ISSN: 0002-8282
DOI: 10.1257/aer.102.5.2272