Information Acquisition: Fundamental and Non-Fundamental
Abstract:: We present a parsimonious information acquisition model in which two types of traders can produce either fundamental or non-fundamental information. Fundamental information is related to asset liquidation value, whereas non-fundamental information is related to the noise caused by traders...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
KeAi Communications Co., Ltd.
2018-06-01
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| Series: | Journal of Management Science and Engineering |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S209623201930054X |