Impediments to Financial Trade: Theory and Applications
收藏NBER2016-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22697
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资源简介：
We propose a tractable model of an informationally inefficient market featuring non-revealing prices, no noise traders, and general assumptions on preferences and payoff distributions. We show the equivalence between our model and a substantially simpler model whereby investors face distortionary
提供机构：
美国国家经济研究局
创建时间：
2016-10-01
