Net trade and market efficiency in Grossman and Stiglitz (1980)

DOI10.1016/J.JET.2016.10.006zbMath1400.91231OpenAlexW2557033835MaRDI QIDQ503049

Hui Ou-Yang, Weili Wu

Publication date: 11 January 2017

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2016.10.006

zbMATH Keywords

market efficiencyGrossman-Stiglitz modelnet tradetraders' beliefs

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Portfolio theory (91G10)

Cites Work

• The possibility of informationally efficient markets
• Competitive rational expectations equilibria without apology
• Rational Expectations, Information Acquisition, and Competitive Bidding

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