Asset Prices in a Time Series Model with Disparately Informed, Competative Traders
收藏NBER1986-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1897
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资源简介：
This paper examines the time series properties of the price of a risky asset implied by a model in which competitive traders are heterogeneously informed about the underlying sources of uncertainty in the economy.Traders do not observe the shocks in the period they occur. However, traders are
提供机构：
美国国家经济研究局
创建时间：
1986-04-01
