Market Power and Capital Constraints
收藏NBER2026-01-01 更新2026-01-10 收录
下载链接：
https://www.nber.org/papers/w34645
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资源简介：
We explore how traders' equity capitalization influences asset prices in a framework that accounts for market power. In our model, traders with capital constraints engage in transactions in an imperfectly competitive market. We demonstrate that looser capital constraints elevate both asset prices
提供机构：
美国国家经济研究局
创建时间：
2026-01-01
