Work

An Equilibrium Model of Imperfect Hedging: Transaction Costs, Heterogeneity in Risk Aversion, and Return Volatility

Year: 2025

Type: article

Source: Review of Financial Studies

DOI: 10.1093/rfs/hhaf023

Authors: Mark Loewenstein, Zhenjiang Qin

Institution: University of Macau

Language: English

Topic: Stochastic processes and financial applications

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: closed

Funder: Universidade de Macau

Awards: G1926783012, G2194688224, G2824091047, G544458928

OpenAlex ID: W4409517509

FWCI:

Cites: 39

Cited by: 1

Related to: 10