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Trade timing, price volatility and serial correlation

Wang, Ming-chang; Zu, Lon-ping - In: European financial management : the journal of the … 19 (2013) 5, pp. 911-934

Persistent link: https://www.econbiz.de/10010237351

Speculative equilibrium with differences in higher-order beliefs

Han, Jungsuk; Kyle, Albert S. - In: Management science : journal of the Institute for … 64 (2018) 9, pp. 4317-4332

Persistent link: https://www.econbiz.de/10011921524

On existence and uniqueness of equilibrium in a class of noisy rational expectations models

Breon-Drish, Bradyn - In: The review of economic studies 82 (2015) 3, pp. 868-921

Persistent link: https://www.econbiz.de/10011346127

Financial trading and the real economy : a competition for talent

Zelzner, Sebastian - 2020

Persistent link: https://www.econbiz.de/10012373222

Rational bubbles and middlemen

Awaya, Yu; Iwasaki, Kohei; Watanabe, Makoto - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 4, pp. 1559-1587

This paper develops a model of rational bubbles where trade of an asset takes place through a chain of middlemen. We show that there exists a unique and robust equilibrium, and a bubble can occur due to information frictions in bilateral and decentralized markets. Under reasonable assumptions,...

Persistent link: https://www.econbiz.de/10013472493