Information structure and equilibrium asset prices
نویسندگان
چکیده
منابع مشابه
^/?p.^:1^ Working Paper Alfred P. Sloan School of Management Information Structure and Equilibril'm Asset Prices' Information Structure and Equilibrium Asset Prices I Would like to Thank Information Structure and Asset Prices
Huang, Chi-fu — Information Structure and Equilibrium Asset Prices In a continuous trading economy, it is shown that if information is revealed continuously and if agents' preferences are continuous in a certain topology, then equilibrium asset price processes must have continuous sample paths. Except for uninteresting cases, the sample paths of price processes will be of unbounded variation. I...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 1985
ISSN: 0022-0531
DOI: 10.1016/0022-0531(85)90061-4