信息、影响、无知、非法、投资与不平等
经济学
2018-02-14 v3 交易与市场微观结构
摘要
我们指出一个简单机制，可能至少部分解释若干悬而未决的经济学谜题，包括为何标准普尔500指数的周期调整市盈率在过去二十年异常偏高、为何资本收益持续跑赢工资增长，以及股权溢价的持续存在。
引用
@article{arxiv.1612.06855,
title = {Information, Impact, Ignorance, Illegality, Investing, and Inequality},
author = {Bruce Knuteson},
journal= {arXiv preprint arXiv:1612.06855},
year = {2018}
}
备注
2 pages; v2: comment added in the TeX source file with the SHA checksum of a longer version of this article sent to the Securities and Exchange Commission on September 10, 2015; v3: added the checksum of an article detailing the impact arb described in Section II