Asset Pricing in the Quest for the New El Dorado
收藏NBER2017-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23455
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资源简介：
Creative destruction not only involves bringing new technology to market, it imposes higher risk on the future of existing assets. We characterize the asset pricing implications of creative destruction when investors compete for market share. Compared to the social optimum, the quest for oligopoly
提供机构：
美国国家经济研究局
创建时间：
2017-05-01
