Making money out of publicly available information

Making money out of publicly available information

Taispeáin leaganacha eile (1)

It is received financial wisdom that when there is free entry by speculators, it is impossible to generate net profits on publicly available information. In this paper we study a version of the standard Kyle (85) model with endogenous information acquisition and we find that equilibria exist with fr...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoirí:	Morrison, A, Vulkan, N
Formáid:	Working paper
Foilsithe / Cruthaithe:	University of Oxford 2003

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