Internet Appendix for "Misallocation and Asset Prices"
30 Pages Posted: 28 Nov 2023 Last revised: 3 Jan 2025
Date Written: January 03, 2025
Abstract
This is the supplemental material to the paper titled “Misallocation and Asset Prices” (Dou et al., 2025). It includes the mathematical proofs for all the theoretical results in Dou et al. (2025). It also provides additional quantitative and empirical results.
Keywords: Distribution of firms, Financial frictions, Endogenous growth, Intangible q, Stochastic discount factor, Welfare costs of economic fluctuations.
JEL Classification: L11, O30, O40
Suggested Citation: Suggested Citation
Dou, Winston Wei and Ji, Yan and Tian, Di and Wang, Pengfei, Internet Appendix for "Misallocation and Asset Prices" (January 03, 2025). Available at SSRN: https://ssrn.com/abstract=4590453 or http://dx.doi.org/10.2139/ssrn.4590453
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