The Social Cost of Near-Rational Investment

Thomas M. Mertens and Tarek Hassan
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Thomas M. Mertens: NYU Stern School of Business

No 370, 2010 Meeting Papers from Society for Economic Dynamics

Abstract: run level of capital accumulation. Through its effect on capital accumulation excess volatility causes costly (fi rst-order) distortions in the long-run level of consumption.

Date: 2010
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Citations: View citations in EconPapers (18)

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Related works:
Journal Article: The Social Cost of Near-Rational Investment (2017)
Working Paper: The Social Cost of Near-Rational Investment (2016)
Working Paper: The Social Cost of Near-Rational Investment (2014)
Working Paper: The Social Cost of Near-Rational Investment (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed010:370

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