Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing
收藏NBER1993-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4315
下载链接
链接失效反馈官方服务：
资源简介：
This paper presents a simple general equilibrium model of asset pricing in which profitable informed trading can occur without any "noise" added to the model. It shows that models of profitable informed trading must restrict the portfolio choices of uninformed traders: in particular, they cannot buy
提供机构：
美国国家经济研究局创建时间：
1993-04-01
