Valuation in Over-the-Counter Markets
收藏NBER2006-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12020
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资源简介：
We provide the impact on asset prices of search-and-bargaining frictions in over-the-counter markets. Under certain conditions, illiquidity discounts are higher when counterparties are harder to find, when sellers have less bargaining power, when the fraction of qualified owners is smaller, or when
提供机构：
美国国家经济研究局
创建时间：
2006-02-01
