A Theory of Asset Pricing Based on Heterogeneous Information
收藏NBER2011-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17548
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资源简介：
We propose a theory of asset prices that emphasizes heterogeneous information as the main element determining prices of different securities. Our main analytical innovation is in formulating a model of noisy information aggregation through asset prices, which is parsimonious and tractable, yet
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美国国家经济研究局创建时间：
2011-10-01
