Rational Asset Price Movements Without News
收藏NBER1992-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4121
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资源简介：
This paper argues that an important part of movements in asset prices may be caused by neither external news nor irrationality, but the by revelation of information by the trading process itself. Two models are developed that illustrate this general idea. One model is based on investor uncertainty
提供机构：
美国国家经济研究局
创建时间：
1992-07-01
