Do supply curves for stocks slope up?
The classical assumptions and standard models in finance assume a unit of fixed supply for an asset implying a flat supply curve. This paper empirically examines this claim and demonstrates that the supply curve for stocks slopes upward over the period from 1961 to 2008.
- Issue Date
- 2009-09
- Language
- English
- Article Type
- Article
- Keywords
DEMAND CURVES; SHAREHOLDER HETEROGENEITY; S-AND-P-500 INDEX; PRICE; ARBITRAGE; MARKET; ACQUISITIONS; EQUILIBRIUM; REPURCHASES; COSTS
- Citation
SOUTH AFRICAN JOURNAL OF BUSINESS MANAGEMENT, v.3, no.9, pp.405 - 409
- ISSN
- 0378-9098
- Appears in Collection
- RIMS Journal Papers
- Files in This Item
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