Belief Dispersion and Convex Cost of Adjustment in the Stock Market and in the Real Economy
Published Online:1 Sep 2022https://doi.org/10.1287/mnsc.2022.4495
Volume 69, Issue 7
July 2023
Pages 3759-4361, iii-iv
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- Received:July 08, 2021
- Accepted:May 26, 2022
- Published Online:September 01, 2022
Copyright © 2022, INFORMS
Cite as
Elyès Jouini (2022) Belief Dispersion and Convex Cost of Adjustment in the Stock Market and in the Real Economy. Management Science 69(7):4190-4209.
https://doi.org/10.1287/mnsc.2022.4495
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This paper was written while the author was visiting the Paris School of Economics. The author thanks all the colleagues therein and the staff members for being welcoming and for helpful support; and Adem Atmaz, Suleyman Basak, Milo Bianchi, Bernard Dumas, Clotilde Napp, José Scheinkman, David Sraer, David Thesmar and Raman Uppal, as well as the Bachelier Seminar (Paris) participants, for helpful remarks and suggestions.
