Supplement to "Competition, Profitability, and Risk Premia"
31 Pages Posted: 21 Sep 2019 Last revised: 30 Sep 2019
Date Written: September 13, 2019
This is the supplemental material to the paper titled "Competition, Profitability, and Risk Premia." It includes additional empirical, theoretical, and quantitative results. It also includes illustration for the numerical algorithm for our model solution.
Keywords: Product market friction, Habit, Competition intensity, Gross profitability premium, Time-varying risk premium
JEL Classification: G12, L13, O33, C73
Suggested Citation: Suggested Citation