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- W1968452425 abstract "Using an overlapping generations model, this paper considers the impact of an improvement in the technology that investors use to obtain signals about future payouts of a risk asset. It is shown that the effects of such a change on the predictability of the gross return on the asset and on the welfare of the agents depend on whether the asset will make multiple future payouts (is long-lived) or a single future payout (is short-lived) and whether the signals about the payoffs are public or private. Copyright 1990 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association." @default.
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- W1968452425 date "1990-11-01" @default.
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- W1968452425 title "Public and Private Information about Short- and Long-Lived Assets" @default.
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- W1968452425 doi "https://doi.org/10.2307/2527020" @default.
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