Asymmetric Information and the Distribution of Trading Volume
نویسندگان
چکیده
منابع مشابه
Trading Volume and Information Distribution in a Market-clearing Framework
This paper investigates the relations between aggregate trading volume and information on nancial markets from a theoretical standpoint. Through numerical examples, it relates some statistics describing equilibrium price and volume{such as the variance of the price and its correlation with the true asset value, the volume mean, variance, skewness, and kurtosis{to the distribution of information...
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2022
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.4081052