On Divergence of Opinion and Imperfections in Capital Markets
importance of divergence of opinion the functioning of capital markets was recognized by early economic writers. In the prevailing models of capital markets, however, differenc...
Publications
2 shownTransaction Costs in a Model of Capital Market Equilibrium
This paper analyzes a simple mean-variance model of an imperfect capital market in which trade in assets involves costs. Fixed transactions costs, which result in investors only...
Researcher Info
- h-index
- 2
- Publications
- 2
- Citations
- 257
External Links
Impact Metrics
h-index
2
h-index: Number of publications with at least h citations each.