{"id":"W4414107738","doi":"10.1016/j.econmod.2025.107269","title":"Liquidity premium and the shape of transaction costs","year":2025,"lang":"en","type":"article","venue":"Economic Modelling","topic":"Financial Markets and Investment Strategies","field":"Economics, Econometrics and Finance","cited_by":2,"is_retracted":false,"has_abstract":false,"ca_institutions":"Concordia University","funders":"","keywords":"Market liquidity; Liquidity premium; Transaction cost; Liquidity risk; Portfolio; Accounting liquidity; Risk premium; Liquidity crisis","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"metacan-v3-hybrid-931329e0061c","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.002316984,0.0004770003,0.0007285817,0.00117837,0.0003906087,0.004773159,0.001031248,0.002658118,0.006404264],"category_scores_gemma":[0.03113907,0.000507835,0.000405706,0.0008361473,0.001853145,0.006523692,0.0009668519,0.002897194,0.0003920635],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.001266321,"about_ca_system_score_gemma":0.0005476836,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.00190323,"about_ca_topic_score_gemma":0.001176454,"domain_scores_codex":[0.999585,0.000184853,0.00001650745,0.00005911453,0.00005632524,0.00009816149],"domain_scores_gemma":[0.9786013,0.01643336,0.002602855,0.0008227656,0.0005817769,0.0009578917],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"theoretical_or_conceptual","study_design_gemma":"theoretical_or_conceptual","study_design_scores_codex":[0.0004314748,0.0001306808,0.01116873,0.0001160841,0.00008182632,0.0006130551,0.0004419439,0.2326064,0.003005697,0.7346949,0.003243423,0.01346572],"study_design_scores_gemma":[0.00004499158,0.00003098487,0.005450815,0.00003607852,0.00003023456,0.0001883757,0.0001303484,0.5876667,0.0003077183,0.4055547,0.0005079028,0.0000511564],"study_design_candidate":"theoretical_or_conceptual","study_design_consensus":"theoretical_or_conceptual","genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.8605933,0.0028184,0.1005033,0.009147361,0.0001648152,0.00002537594,0.0002741969,0.0002793093,0.02619383],"genre_scores_gemma":[0.9972687,0.0002699781,0.0007928282,0.00004330518,0.00004573376,0.000003795649,0.00002058096,0.0000232322,0.001531814],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.006404264,"threshold_uncertainty_score":0.02142435,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.02589780147910554,"score_gpt":0.2062662011104228,"score_spread":0.1803683996313172,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}