Belief dispersion and convex cost of adjustment in the stock market and in the real economy
Year of publication: |
2023
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Authors: | Jouini, Elyès |
Published in: |
Management science : journal of the Institute for Operations Research and the Management Sciences. - Hanover, Md. : INFORMS, ISSN 1526-5501, ZDB-ID 2023019-9. - Vol. 69.2023, 7, p. 4190-4209
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Subject: | adjustment costs | asset pricing | asset pricing puzzles | belief dispersion | decreasing returns | excessive volatility | heterogeneous beliefs | production equilibrium | Börsenkurs | Share price | Volatilität | Volatility | CAPM | Erwartungsbildung | Expectation formation | Kapitalmarkttheorie | Financial economics |
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