Global ETD Search
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Showing 1 to 2 of 2 for “"Heterogeneous Investors"”.
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Topics in Macro Finance
… analytically tackles the question of how various investors' (institutional and retail) asset allocation decisions are dependent on both the formulation of the wealth maximization function and the differentiated nature of information signals. Specifically, this chapter focusses on how asset …
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Essays in capital markets
… model of asset pricing and trading volume with heterogeneous investors facing fixed transactions costs. We show that even small fixed costs can give rise to large "notrade" regions for each investor's optimal trading policy and a significant illiquidity discount in asset prices. We perform a …