Lorenzoni, Guido (contributor); Walentin, Karl (contributor) - 2007
(2001), Gilchrist, Himmelberg and Huberman (2005) and Panageas (2005).
2
insufficient to explain the failure of q theory in … interpretation.
6
See Schiantarelli and Georgoutsos (1990) for an early study of q theory in a model where firms have
market power.
3 … explains why q theory does not hold.
This discrepancy does not open an arbitrage opportunity, because the agents that can take …