Inside trading with inertial noise trades
博士 === 國立政治大學 === 國際經營與貿易研究所 === 96 === Abstract Based on the sequential auction model of Kyle (1985) and embedded the formulation of positive feedback traders in De Long et al. (1990), our model formulates a recursive market game of insiders, noise traders, and market makers. In particular, the su...
Main Authors: | , |
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Other Authors: | |
Format: | Others |
Language: | en_US |
Published: |
2008
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Online Access: | http://ndltd.ncl.edu.tw/handle/79679532986441946886 |