Many asset pricing theories treat the cross-section of returns volatility and correlations as two intimately related quantities driven by common factors, which hinders achieving a neat definition of a correlation premium. We formulate a model without factors, but with a continuum of securities...

Although in the case of polymer solutions the existence of hydrodynamic screening was theoretically established some time ago, use of the same methods for suspensions of hard spheres thus far have failed to produce similar results. In this work we reconsider this problem. Using superposition of...