Terug naar Kennisbank
The shadow costs of illiquidity
The authors solve a flexible model that captures transactions costs and infrequencies of trading opportunities for illiquid assets to better understand the shadow costs of illiquidity for different origins of asset illiquidity and heterogeneous investor types.
Jaar van uitgave:
2021
Publicatie:
The authors solve a flexible model that captures transactions costs and infrequencies of trading opportunities for illiquid assets to better understand the shadow costs of illiquidity for different origins of asset illiquidity and heterogeneous investor types.
Auteurs:
Kristy JansenBas Werker
Onderzoeksproject:
Beleggingsresultaten van niet-liquide activa op lange termijn
