The Existence of Equilibrium Asset Price Under Diverse Information
We investigate the effects of diverse information on the price of risky assets in rational expectation model. The expected cash flows innovation is considered as private information where informed trader knows it. It is assumed that the high informed trader has smaller variance error regarding the c...
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| Format: | Article |
| Language: | English |
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Universitas Gadjah Mada
2005-09-01
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| Series: | Gadjah Mada International Journal of Business |
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| Online Access: | https://jurnal.ugm.ac.id/gamaijb/article/view/5583 |