Asset Prices in a Time Series Model with Disparately Informed, Competative Traders
收藏NBER1986-04-01 更新2025-01-04 收录
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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
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美国国家经济研究局创建时间：
1986-04-01
