The Role of Trading Frictions in Real Asset Markets

By Alessandro Gavazza. 2011

170 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/d53d43a82da3a8b97909d6006209b00be49a614b

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In Economics and Econometrics

Citations in the corpus

Strategic Ownership Structure and the Cost of Debt (2012, background): “This procedure helps eliminate the persistent components of the latent or unobservable variables and the error terms (see, e.g.,Gavazza 2011).”
Real Asset Illiquidity and the Cost of Capital (2014, methodology): “…that sales of real assets in illiquid markets fetch large price discounts relative to their fundamental values (e.g., Pulvino (1998), Ramey and Shapiro (2001), and Gavazza (2011)), which increases firms’ cost of unwinding their capital stock and reduces their ability to raise cash with asset sales.”
Adverse Selection and Liquidity Distortion (2011, unknown): “Interestingly, Guerrieri et al. (2010) independently obtained similar results in an environment without search frictions, where illiuqidity results from the rationing in each submarket.”
Lemons Markets and the Transmission of Aggregate Shocks (2013, background): “Gavazza (2011) studies the frictions in the market for used airplanes but does not focus on the question of cyclicality. price.17 This fall is greater in recessions, when λM is higher.18 Justiniano, Primiceri and Tambalotti (2008) find, in an estimated quantitative model, that shocks to the…”
Real Assets and Capital Structure (2013, unknown): “To wit, theoretical work suggests that firms have long-term strategic plans and these plans include the future utilization of real estate assets (see, e.g., Gavazza (2011)).”
Liquidity: A New Monetarist Perspective (2017, background): “Alessandro Gavazza (2011) “The Role of Trading Frictions in Real Asset Markets,” American Economic Review 101, 1106-43.”