RDP 2011-06: Does Equity Mispricing Influence Household and Firm Decisions? Equation

u t P = ( A 11 0 ) 1 ε t P , A ˜ 12 0 = ( A 11 0 ) 1 A 12 0 α ˜ 1 * = ( A 11 0 ) 1 α 1 * , A ˜ 1 j 2 = ( A 11 0 ) 1 A 1 j 2 f o r j = 1 , 2 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeaabiWaaa qaaiaadwhadaqhaaWcbaGaamiDaaqaaiaadcfaaaGccqGH9aqpdaqa daqaaiaadgeadaqhaaWcbaGaaGymaiaaigdaaeaacaaIWaaaaaGcca GLOaGaayzkaaWaaWbaaSqabeaacqGHsislcaaIXaaaaOGaeqyTdu2a a0baaSqaaiaadshaaeaacaWGqbaaaOGaaiilaaqaaiqadgeagaacam aaDaaaleaacaaIXaGaaGOmaaqaaiaaicdaaaGccqGH9aqpdaqadaqa aiaadgeadaqhaaWcbaGaaGymaiaaigdaaeaacaaIWaaaaaGccaGLOa GaayzkaaWaaWbaaSqabeaacqGHsislcaaIXaaaaOGaamyqamaaDaaa leaacaaIXaGaaGOmaaqaaiaaicdaaaaakeaaaeaacuaHXoqygaacam aaDaaaleaacaaIXaaabaGaaiOkaaaakiabg2da9maabmaabaGaamyq amaaDaaaleaacaaIXaGaaGymaaqaaiaaicdaaaaakiaawIcacaGLPa aadaahaaWcbeqaaiabgkHiTiaaigdaaaGccqaHXoqydaqhaaWcbaGa aGymaaqaaiaacQcaaaGccaGGSaaabaGabmyqayaaiaWaa0baaSqaai aaigdacaWGQbaabaGaaGOmaaaakiabg2da9maabmaabaGaamyqamaa DaaaleaacaaIXaGaaGymaaqaaiaaicdaaaaakiaawIcacaGLPaaada ahaaWcbeqaaiabgkHiTiaaigdaaaGccaWGbbWaa0baaSqaaiaaigda caWGQbaabaGaaGimaaaaaOqaaGqaaiaa=zgacaWFVbGaa8NCaiaayk W7caWGQbGaeyypa0JaaGymaiaacYcacaaIYaaaaaaa@78C4@