Williams, 1995 - Google Patents
Pricing real assets with costly searchWilliams, 1995
- Document ID
- 6489364875228027340
- Author
- Williams J
- Publication year
- Publication venue
- The review of financial studies
External Links
Snippet
Markets for many real assets are characterized by sequential search followed by bilateral bargaining between matched buyers and sellers. For a category of real assets, the joint, intertemporal valuation problems of buyers, owners, and sellers, and the associated Nash …
- 238000005295 random walk 0 abstract description 9
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