Asset Management Contracts and Equilibrium Prices
NBER Working Paper No. 20480
---- Acknowledgments ----
We thank Ricardo Alonso, Daniel Andrei, Oliver Bought, Jennifer Carpenter, Sergey Chernenko, Chris Darnell, Peter DeMarzo, Philip Edwards, Ken French, Willie Fuchs, Diego Garcia, Jeremy Grantham, Zhiguo He, Apoorva Javadekar, Ron Kaniel, Ralph Koijen, Dong Lou, John Moore, Dmitry Orlov, Marco Pagano, Anna Pavlova, Gabor Pinter, seminar participants at the Bank of England, Banque de France, Bocconi, Boston University, CEU, Cheung Kong, Dartmouth, Duke, EIEF, Glasgow, Indiana, Insead, Louvain, LSE, Maryland, Minnesota, MIT, Naples, NY Fed, SMU, Stanford, Toulouse, UT Austin, Yale, Vienna and conference participants at AEA, ASAP, BoE Macro-Finance, BIS, CEMFI, CRETE, ESSFM Gerzenzee, FCA, FIRS, FRIC, FTG, Inquire UK, Jackson Hole, LSE PWC, NBER Asset Pricing, SFS Cavalcade, Utah, and WFA for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.