Complex Asset Markets
收藏NBER2017-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23476
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资源简介：
We develop a dynamic equilibrium model of complex asset markets with endogenous entry and exit in which the investment technology of investors with more expertise is subject to less asset-specific risk. The joint equilibrium distribution of financial expertise and wealth then determines risk bearing
提供机构：
美国国家经济研究局
创建时间：
2017-06-01
