Christian Heyerdahl-Larsen, Philipp Illeditsch Dec 13,2019
We develop an overlapping generations model with disagreement about the cross-sectional distribution of investors’ preferences and beliefs. This disagreement implies... Read More
Songzi Du, Haoxiang Zhu Jul 06,2018
This paper studies the impact of increasing trading frequency in financial markets on allocative efficiency. We build and solve... Read More