Liquidity Premium and the Shape of Transaction Costs

The replication folder includes the files which allow to replicate the results of the paper "Liquidity Premium and the Shape of Transaction Costs." It includes ReadMe file with general instructions, the file with parameters used in the model, the fortran program used to find the conditinal characteristics of the equilibrium, and the file with Mote-Carlo simulations used to find unconditional characteristics of the equilibrium.本复现文件夹包含可用于复现论文《流动性溢价与交易成本的形态》(Liquidity Premium and the Shape of Transaction Costs)研究结果的全部文件。其中包含带通用操作指引的ReadMe文件、模型参数配置文件、用于求解均衡条件特征的Fortran程序，以及用于求解均衡无条件特征的蒙特卡洛(Monte-Carlo)模拟文件。