In a simple model of a frictionless financial market with rational agents, the value of private information increases when large discrete shocks independently affect the fundamental value of the asset and the exogenous trading. The complementarity in information gathering generates multiple equilibria
We analyze a model in which different traders are informed of different fundamentals that affect the...
Crises are volatile times when endogenous sources of information are closely monitored. We study the...
In their paper "Information Acquisition in Financial Markets" (this journal, 2000), Barlevy and Vero...
In a simple model of a frictionless financial market with rational agents, the value of private info...
A simple model of financial market with rational learning and without friction is presented in which...
This item is a preserved copy. In a financial market where agents trade for short-term profit and wh...
[This item is a preserved copy. To view the original, visit http://econtheory.org/] In a ...
Allowing speculation based on private information on a stock’s supply gener-ates (i) complementarity...
We study a general static noisy rational expectations model, where investors have private informatio...
We analyze a model where di¤erent traders are informed of di¤erent fundamentals that a¤ect the secur...
This paper studies the implications of correlation of private signals about the liquidation value of...
We analyze a model where the value of a traded security is affected by two different fundamentals an...
We study a general static noisy rational expectations model where investors have private information...
We analyze a model in which different traders are informed of different fundamentals that affect the...
Crises are volatile times when endogenous sources of information are closely monitored. We study the...
In their paper "Information Acquisition in Financial Markets" (this journal, 2000), Barlevy and Vero...
In a simple model of a frictionless financial market with rational agents, the value of private info...
A simple model of financial market with rational learning and without friction is presented in which...
This item is a preserved copy. In a financial market where agents trade for short-term profit and wh...
[This item is a preserved copy. To view the original, visit http://econtheory.org/] In a ...
Allowing speculation based on private information on a stock’s supply gener-ates (i) complementarity...
We study a general static noisy rational expectations model, where investors have private informatio...
We analyze a model where di¤erent traders are informed of di¤erent fundamentals that a¤ect the secur...
This paper studies the implications of correlation of private signals about the liquidation value of...
We analyze a model where the value of a traded security is affected by two different fundamentals an...
We study a general static noisy rational expectations model where investors have private information...
We analyze a model in which different traders are informed of different fundamentals that affect the...
Crises are volatile times when endogenous sources of information are closely monitored. We study the...
In their paper "Information Acquisition in Financial Markets" (this journal, 2000), Barlevy and Vero...
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