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- W3124133968 abstract "We examine price formation in a simple static model with asymmetric information, an infinite number of risk neutral traders and no noise traders. Here we re-examine four results associated with rational expectations models relating to the existence of fully revealing equilibrium prices, the advantage of becoming informed, the costly acquisition of information, and the impossibility of having equilibrium prices with higher volatility than the underlying fundamentals." @default.
- W3124133968 created "2021-02-01" @default.
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- W3124133968 date "1997-11-25" @default.
- W3124133968 modified "2023-09-27" @default.
- W3124133968 title "Asymmetric Information in a Competitive Market Game: Reexamining the Implications of Rational Expectations" @default.
- W3124133968 hasPublicationYear "1997" @default.
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