We are grateful to Gadi Barlevy, Darrell Duffie, Mariacristina De Nardi, Nicolae Gârleanu, Joe Haubrich, Rob Shimer, Neil Wallace, Pierre-Olivier Weill, and Ruilin Zhou for comments. We also thank seminar participants at the Bank of Portugal, Chicago GSB, Federal Reserve Bank of Cleveland, Federal Reserve Bank of New York, Indiana, HEC Lausanne, London Business School, MIT, New York University, Penn State, Princeton, Queens, Rice, Simon Fraser, Singapore Management University, Universidad de San Andrés, Universidad Torcuato Di Tella, University of Basel, UCLA, UCSB, University of Pennsylvania, and University of Texas at Austin. We thank Patrick Higgins for research assistance. Financial support from the C. V. Starr Center for Applied Economics at NYU is gratefully acknowledged.
Liquidity in Asset Markets With Search Frictions
Article first published online: 5 MAR 2009
© 2009 The Econometric Society
Volume 77, Issue 2, pages 403–426, March 2009
How to Cite
Lagos, R. and Rocheteau, G. (2009), Liquidity in Asset Markets With Search Frictions. Econometrica, 77: 403–426. doi: 10.3982/ECTA7250
- Issue published online: 5 MAR 2009
- Article first published online: 5 MAR 2009
- Manuscript received June, 2007; final revision received October, 2008.
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