Asset Pricing.

• Position: Program and Working Group Meetings - Conference news - Brief article

The NBER's Program on Asset Pricing met at the University of Chicago on April 10. Research Associates Nikolai Roussanov and Jules H. van Binsbergen of the University of Pennsylvania organized the meeting. These papers were discussed:

* William Fuchs and Brett Green, University of California, Berkeley, and Dimitris Papanikolaou, Northwestern University and NBER, "Adverse Selection, Slow Moving Capital, and Misallocation"

* Nicolae B. Garleanu, University oi California, Berkeley, and NBER; Stavros Panageas, University of Chicago and NBER; and Jianfeng Yu, University of Minnesota, "Impediments to Financial Trade: Theory and Measurement"

* Andrea Bufia, Boston University; Dimitri Vayanos, London School of Economics and NBER; and Paul Woolley, London School of Economics, "Asset Management Contracts and Equilibrium Prices" (NBER Working Paper No. 20480)

* Martin Lettau, University of...