The Dynamic Properties of Financial-Market Equilibrium with Trading Fees
收藏NBER2013-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19155
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资源简介：
We incorporate trading fees in a long-horizon dynamic general-equilibrium model in which traders optimally and endogenously decide when and how much to trade. A full characterization of equilibrium is provided, which allows us to study the dynamics of equilibrium trades, equilibrium asset prices and
提供机构：
美国国家经济研究局
创建时间：
2013-06-01
