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主讲人：
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沈吉 |
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主讲人简介：
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沈吉，伦敦政治经济学院金融学博士，现任北京大学光华管理学院金融学系副教授。主要研究方向：有摩擦金融市场的资产定价理论、公司金融与资本市场、银行与宏观经济理论。近年来在《经济研究》《金融研究》《世界经济》和Review of Financial Studies、Management Science等中外期刊发表论文多篇。 |
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主持人：
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薛涧坡 |
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简介：
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The paper explores the equilibria in a stylized search model where investors’ trading needs are due to time-varying valuations. There always exists a trivial equilibrium where no investor chooses to trade. When search cost is small, there exists another equilibrium in which traders with medium trading needs serve the role of intermediary in the market. However, when search cost is large, there exists the other equilibrium where all traders stay outside the market after trade. When search friction is sufficiently small, only the second equilibrium is stable, in the sense that investors’ trading behavior is robust to some exogenous perturbations on the side of their trading partners. |
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时间：
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2023-04-27 (Thursday) 16:40-18:00 |
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地点：
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Room N302, Economics Building |
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期数：
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高级经济学系列讲座2023年春季学期第四讲（总460讲） |
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主办单位：
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厦门大学经济学院、王亚南经济研究院、邹至庄经济研究院 |
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承办单位：
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类型：
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系列讲座 |
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联系人信息：
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许老师，电话：0592-2182991 |
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语言：
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中文 |
