The More We Know about the Fundamental, the Less We Agree on the Price

DOI10.1093/restud/rdr051zbMath1405.91746OpenAlexW3125760810MaRDI QIDQ4610546

Péter Kondor

Publication date: 23 January 2019

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

Full work available at URL: https://doi.org/10.1093/restud/rdr051

zbMATH Keywords

public informationtrading volumenoisy rational expectations modelhigher-order expectations

Mathematics Subject Classification ID

Actuarial science and mathematical finance (91G99)

Related Items (6)

Public information and uninformed trading: implications for market liquidity and price efficiency ⋮ Should we regulate financial information? ⋮ Investment horizons and asset prices under asymmetric information ⋮ Using cheap talk to polarize or unify a group of decision makers ⋮ Disclosure, competition, and learning from asset prices ⋮ Rational destabilization in a frictionless market

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