An information paradox with HARA preferences

The incentive to trade implies that all investors in the market choose to be informed although the whole of them cannot profit from the information signal. This result is due to an insurance property of information.

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Year of publication:	1988
Authors:	Wahl, Jack E.
Institutions:	Fachbereich Wirtschaftswissenschaften, Universität Konstanz

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Extent:	application/pdf
Series:	Discussion Papers, Series I.
Type of publication:	Book / Working Paper
Notes:	Number 239
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010956913