A Note on Additional Materials for "Misallocation and Asset Prices"

19 Pages Posted: 27 Nov 2023 Last revised: 17 May 2025

See all articles by Winston Wei Dou

Winston Wei Dou

University of Pennsylvania - The Wharton School; National Bureau of Economic Research (NBER)

Yan Ji

Hong Kong University of Science & Technology (HKUST)

Di Tian

Hong Kong University of Science & Technology (HKUST) - Department of Finance

Pengfei Wang

Peking University HSBC Business School

Date Written: January 03, 2025

Abstract

This note includes additional materials for the paper titled "Misallocation and Asset Prices" (Dou et al., 2025). Section 1 provides supplemental material for the model. Section 2 provides supplemental material for empirical analyses. Section 3 describes the numerical algorithm that solves the model.

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

Dou, Winston Wei and Ji, Yan and Tian, Di and Wang, Pengfei, A Note on Additional Materials for "Misallocation and Asset Prices" (January 03, 2025). The Wharton School Research Paper, Available at SSRN: https://ssrn.com/abstract=4616437 or http://dx.doi.org/10.2139/ssrn.4616437

Winston Wei Dou (Contact Author)

University of Pennsylvania - The Wharton School ( email )

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United States

National Bureau of Economic Research (NBER) ( email )

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Cambridge, MA 02138
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HOME PAGE: http://www.nber.org/people/winston_wei_dou?page=1&perPage=50

Yan Ji

Hong Kong University of Science & Technology (HKUST) ( email )

Clearwater Bay
Kowloon, 999999
Hong Kong

Di Tian

Hong Kong University of Science & Technology (HKUST) - Department of Finance ( email )

Clear Water Bay Kowloon
Hong Kong

Pengfei Wang

Peking University HSBC Business School ( email )

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