Valuation in Over-the-Counter Markets
收藏NBER2006-02-01 更新2025-01-04 收录
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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
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美国国家经济研究局创建时间：
2006-02-01
