Does Market Incompleteness Matter for Asset Prices?

Fatih Guvenen and Burhanettin Kuruscu

Journal of the European Economic Association, 2006, vol. 4, issue 2-3, 484-492

Abstract: In this paper we argue that market incompleteness resulting from limited stock market participation is important for understanding the behavior of asset prices. (JEL: E32, E44, G12) (c) 2006 by the European Economic Association.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:tpr:jeurec:v:4:y:2006:i:2-3:p:484-492

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