Heterogeneity in Decentralized Asset Markets
收藏NBER2014-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20746
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资源简介：
We study a search and bargaining model of an asset market, where investors' heterogeneous valuations for the asset are drawn from an arbitrary distribution. Our solution technique makes the model fully tractable and allows us to provide a full characterization of the unique equilibrium, in closed
提供机构：
美国国家经济研究局
创建时间：
2014-12-01
