We investigate the dynamics of heterogeneous beliefs and link them to the volatility pattern throughout the seasoned … institutional-trade-based measures, is a robust and salient determinant of SEO firm volatility, which provides an explanation for … the volatility timing “puzzle” identified in the SEO market. Furthermore, the relation between heterogeneous beliefs and …

. Empirical relationships between parameter estimates and price impacts and between parameter estimates and stochastic volatility … are consistent with theory. We illustrate how the estimates can be used to detect information events in the time series …

patterns in volume, trading costs and volatility. In the Italian Treasury bond market, periodic information asymmetry is …. I find only weak evidence that volatility behaves as implied by the model …

patterns in volume, trading costs and volatility. In the Italian Treasury bond market, periodic information asymmetry is …. I find only weak evidence that volatility behaves as implied by the model …