Browsing BI Open by Author "Meinerding, Christoph"
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Equilibrium Asset Pricing in Directed Networks
Branger, Nicole; Konermann, Patrick; Meinerding, Christoph; Schlag, Christian (Journal article; Peer reviewed, 2021)Directed links in cash flow networks affect the cross-section of risk premia through three channels. In a tractable consumption-based equilibrium asset pricing model, we obtain closed-form solutions that disentangle these ...