This dissertation analyzes economic implications of limited attention. The dissertation consists of an introduction (Chapter 1) and four independent articles (Chapter 2-5). The different articles, from the field of microeconomic theory, focus on different aspects of limited attention. The...

This thesis concerns the empirical relation between risk and return in equities. It studies why the expected return on stocks as a whole varies over time and why there are predictable cross-sectional di↵erences in the return on individual stocks. The thesis consists of three chapters which can...