A Demand System Approach to Asset Pricing
收藏NBER2015-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21749
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资源简介：
We develop an asset pricing model with flexible heterogeneity in asset demand across investors, designed to match institutional and household holdings. A portfolio choice model implies characteristics-based demand when returns have a factor structure and expected returns and factor loadings depend
提供机构：
美国国家经济研究局
创建时间：
2015-11-01
