Asset Prices and Trading Volume in a Beauty Contest

DOI10.1111/1467-937X.00046zbMath0908.90095OpenAlexW1973340436MaRDI QIDQ3839964

Peter Bossaerts, Bruno Biais

Publication date: 10 August 1998

Published in: Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/1467-937x.00046

zbMATH Keywords

common knowledgebeliefs formation ruleinfinite beliefs hierarchystylized asset market

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (7)

Search, common knowledge, and competition ⋮ Asset trading under non-classical ambiguity and heterogeneous beliefs ⋮ The public release of information in first-price sealed-bid auctions ⋮ Forecasting the forecasts of others: implications for asset pricing ⋮ First-price sealed-bid auctions when bidders exhibit different attitudes toward risk ⋮ Information-based trade ⋮ Price bubbles sans dividend anchors: evidence from laboratory stock markets

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