'Those Who Know Most': Insider Trading in 18th c. Amsterdam
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This paper studies how private information is incorporated into prices, using a unique setting from the 18th century that, in many dimensions, is simpler and closer to stylized models of price discovery than modern-day markets. Specifically, the paper looks at a number of English securities that
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美国国家经济研究局创建时间：
2013-02-01
