Endogenous Dividend Dynamics and the Term Structure of Dividend Strips
NBER Working Paper No. 18450
---- Acknowledgments ----
We thank Ravi Bansal, Jules van Binsbergen, Murray Carlson, Long Chen, John Cochrane, Darrell Duffie, Adlai Fisher, Dana Kiku, Ralph Koijen, Ivan Shaliastovich, Jessica Wachter, Jianfeng Yu and seminar participants at the University of Pennsylvania (Wharton), University of Minnesota, University of British Columbia (Sauder), and University of North Carolina at Chapel Hill (Kenan-Flager) for many helpful comments. All remaining errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.