Prices, Asset Markets and Indeterminacy
نویسندگان
چکیده
منابع مشابه
Liquidity and Asset Prices in Multiple Markets
Liquidity is generally viewed as a positive characteristic of a traded asset in positive net supply. Ceteris paribus, the higher liquidity of a given asset should be reflected in a higher price or a lower required return. This issue is of particular interest if the same asset is traded in multiple markets. In this setting, apart from the effect of liquidity on pricing in each market, there is t...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 1998
ISSN: 0022-0531
DOI: 10.1006/jeth.1998.2433