Guvenen, Fatih; Kuruscu, Burhanettin - In: Journal of the European Economic Association 4 (2006) 2-3, pp. 484-492
In this paper we argue that market incompleteness resulting from limited stock market participation is important for understanding the behavior of asset prices. (JEL: E32, E44, G12) (c) 2006 by the European Economic Association.