Financial Claustrophobia: Asset Pricing in Illiquid Markets
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资源简介：
There are many examples of markets where an agent who wants to get out of an investment position quickly may find himself trapped and forced to remain in that position because of a lack of liquidity. What are the asset-pricing implications when agents cannot always buy and sell assets immediately?
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美国国家经济研究局创建时间：
2004-04-01
