Excerpt from A Model of Intertemporal Asset Prices Under Asymmetric Information
We explore the implications of our model for the behavior of stock prices, risk premia, price volatility, autocorrelation in stock returns and investors' trading strategies.
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Paperback. Zustand: New. Print on Demand. This book presents a dynamic asset pricing model under asymmetric information. The model has a closed-form solution to the rational expectations equilibrium. The author finds that existence of uninformed investors increases the risk premium. Supply shocks can affect the risk premium only under asymmetric information. Information asymmetry among investors can increase price volatility and negative autocorrelation in returns. Less informed investors may rationally behave like price chasers. The book's insights on asymmetric information significantly contribute to our understanding of risk premia and price volatility in stock markets. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781334349201_0
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Anbieter: PBShop.store US, Wood Dale, IL, USA
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781334349201
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781334349201
Anzahl: 15 verfügbar