Dynamic Equilibrium and Volatility in Financial Asset Markets
收藏NBER1996-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5479
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资源简介：
This paper develops and estimates a continuous-time model of a financial market where investors' trading strategies and the specialist's rule of price adjustments are the best response to each other. We examine how far modeling market microstructure in a purely rational framework can go in
提供机构：
美国国家经济研究局
创建时间：
1996-03-01
