Spiegler, Ran (contributor); Rubinstein, Ariel (contributor) - 2005
Economics, Tel Aviv University and Department of Economics, New York
Univeristy. E-mail: rariel@post.tau.ac.il. URL: http …://arielrubinstein.tau.ac.il.
zSchool of Economics, Tel Aviv University. E-mail: rani@post.tau.ac.il. URL:
http://www.tau.ac.il/~rani
1
chance that the …
strategy and motives.
Our model is di�erent from models of speculative trade suggested in
16
the �nancial economics literature …