Asset trading volume in a production economy
E Espino, T Hintermaier - Economic Theory, 2009 - Springer
Judd et al.(J Finance 63: 2203–2217, 2003) show that the stationary Lucas tree model
cannot generate nontrivial asset trading: Heterogenous agents will optimally choose a fixed …
cannot generate nontrivial asset trading: Heterogenous agents will optimally choose a fixed …
The cyclical behavior of equity turnover
We measure the extent to which the cyclical behavior of the turnover of equity shares
generated by individual investors on the New York Stock Exchange can be accounted for by …
generated by individual investors on the New York Stock Exchange can be accounted for by …
Optimal portfolios with wealth-varying risk aversion in the neoclassical growth model
E Espino - The BE Journal of Macroeconomics, 2014 - degruyter.com
This paper provides a rationale for fixed portfolios that exhibit fund separation as an optimal
general equilibrium strategy when heterogeneous investors have wealth-varying relative …
general equilibrium strategy when heterogeneous investors have wealth-varying relative …
[引用][C] Riding in the Caboose: Counter-cyclical Asset Trading with Idiosyncratic Agents
G Sarolli