Berrada, Tony; Hugonnier, Julien; Rindisbacher, Marcel - Institut für Schweizerisches Bankwesen <Zürich> - 2005
the impact of agents heterogeneity on the dynamics of the equilibrium quantities and measures of trading volume. In this …, leads to non trivial trading volume in equilibrium. Our main result comes in form of a non-informational no trade theorem … which provides necessary and suffcient conditions for zero trading volume in a dynamically effcient, continuous time Lucas …