Market Selection and Asymmetric Information
AbstractWe consider a dynamic general equilibrium asset pricing model with heterogeneous agents and asymmetric information. We show how agents' different methods of gathering information affect their chances of survival in the market depending upon the nature of the information and the level of noise in the economy. Copyright The Review of Economic Studies Limited, 2003.
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Bibliographic InfoPaper provided by Penn Economics Department in its series Penn CARESS Working Papers with number d50f0ddbbf9f79b6e05bb90a5d0d23c1.
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Other versions of this item:
- George J. Mailath & Alvaro Sandroni, 2003. "Market Selection and Asymmetric Information," Review of Economic Studies, Oxford University Press, vol. 70(2), pages 343-368.
- George J. Mailath & Alvaro Sandroni, 2003. "Market Selection and Asymmetric Information," Review of Economic Studies, Wiley Blackwell, vol. 70(2), pages 343-368, 04.
- George J. Mailath & Alvaro Sandroni, 2000. "Market Selection and Asymmetric Information," CARESS Working Papres mkt-selection, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
- George J. Mailath & Alvaro Sandroni, . "Market Selection and Asymmetrick Information," CARESS Working Papres 00-07, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
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