NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Portfolio Choice with Illiquid Assets

Andrew Ang, Dimitris Papanikolaou, Mark Westerfield

NBER Working Paper No. 19436
Issued in September 2013

---- Acknowledgements -----

We thank Andrea Eisfeldt, Will Goetzmann, Katya Kartashova, Leonid Kogan, Francis Longstaff , Jun Liu, Chris Mayer, Liang Peng, Eduardo Schwartz, Dimitri Vayanos, Pietro Veronesi, and seminar participants at the Bank of Canada, Oxford, LBS, the Paci c Northwest Finance Conference, Texas A&M, UCI, University of Florida, UNC, USC, the USC-UCLA-UCI Finance Day, and the Q-group meetings for comments and helpful discussions. We thank Sarah Clark for providing data on illiquid assets for calibration. Ang acknowledges funding from Netspar and the Program for Financial Studies. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

return to bibliography page

 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us