Matches in SemOpenAlex for { <https://semopenalex.org/work/W1489059209> ?p ?o ?g. }
- W1489059209 abstract "The heavy-tailed distribution of firm sizes first discovered by Zipf (1949) is one of the best established empirical facts in economics. We show that it has strong implications for asset pricing. Due to the concentration of the market portfolio when the distribution of the capitalization of firms is sufficiently heavy-tailed, an additional risk factor generically appears even for very large economies. Our two-factor model is as successful empirically as the three-factor Fama-French model." @default.
- W1489059209 created "2016-06-24" @default.
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- W1489059209 date "2009-08-01" @default.
- W1489059209 modified "2023-09-26" @default.
- W1489059209 title "Professor Zipf goes to Wall Street" @default.
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- W1489059209 doi "https://doi.org/10.3386/w15295" @default.
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