IDEAS home Printed from https://ideas.repec.org/p/cla/uclawp/032.html
   My bibliography  Save this paper

Speculation and Information in Securities Markets

Author

Listed:
  • Jack Hirshleifer

    (UCLA)

  • Mark E. Rubinstein

    (UCB)

Abstract

No abstract is available for this item.

Suggested Citation

  • Jack Hirshleifer & Mark E. Rubinstein, 1973. "Speculation and Information in Securities Markets," UCLA Economics Working Papers 032, UCLA Department of Economics.
    • Handle: RePEc:cla:uclawp:032
    as

    Download full text from publisher

    File URL: http://www.econ.ucla.edu/workingpapers/wp032.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Myers, Stewart C., 1968. "A Time-State-Preference Model of Security Valuation*," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 3(1), pages 1-33, March.
    2. K. J. Arrow, 1964. "The Role of Securities in the Optimal Allocation of Risk-bearing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 31(2), pages 91-96.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. J. Hirshleifer, 1975. "Speculation and Equilibrium: Information, Risk, and Markets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 89(4), pages 519-542.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Merton, Robert, 1990. "Capital market theory and the pricing of financial securities," Handbook of Monetary Economics, in: B. M. Friedman & F. H. Hahn (ed.), Handbook of Monetary Economics, edition 1, volume 1, chapter 11, pages 497-581, Elsevier.
    2. Peter Brusov & Tatiana Filatova & Natali Orekhova, 2023. "Capital Structure Theory: Past, Present, Future," Springer Books, in: The Brusov–Filatova–Orekhova Theory of Capital Structure, chapter 0, pages 9-50, Springer.
    3. Homolle, Susanne, 2004. "Bank capital regulation, asset risk, and subordinated uninsured debt," Journal of Economics and Business, Elsevier, vol. 56(6), pages 443-468.
    4. Merton, Robert C., 1993. "On the microeconomic theory of investment under uncertainty," Handbook of Mathematical Economics, in: K. J. Arrow & M.D. Intriligator (ed.), Handbook of Mathematical Economics, edition 4, volume 2, chapter 13, pages 601-669, Elsevier.
    5. Robert J. Shiller & Stefano Athanasoulis, 1995. "World Income Components: Measuring and Exploiting International Risk Sharing Opportunities," NBER Working Papers 5095, National Bureau of Economic Research, Inc.
    6. Iman Khajepour & Geoffrey Pritchard & Danny Ralph & Golbon Zakeri, 2025. "On monotone completion of risk markets: Limit results for incomplete risk markets," Papers 2504.18436, arXiv.org.
    7. Biais, Bruno & Mariotti, Thomas & Moinas, Sophie & Pouget, Sébastien, 2017. "Asset Pricing and Risk Sharing in Complete Markets: An Experimental Investigation," TSE Working Papers 17-798, Toulouse School of Economics (TSE), revised Aug 2024.
    8. Thomas Eichner & Rüdiger Pethig, 2015. "Efficient Management of Insecure Fossil Fuel Imports through Taxing Domestic Green Energy?," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(5), pages 724-751, October.
    9. Nanda, Kajole, 2019. "Dynamics between Bank-led Financial Inclusion and Economic Growth in Emerging Economies: The Case of India," International Journal of Development and Conflict, Gokhale Institute of Politics and Economics, vol. 9(1), pages 95-121.
    10. Okat, Deniz, 2024. "Financial congestion," Journal of Financial Markets, Elsevier, vol. 71(C).
    11. Hanif, Muhammad N., 2002. "Restructuring of Financial Sector in Pakistan," MPRA Paper 10197, University Library of Munich, Germany.
    12. Musshoff, Oliver & Hirschauer, Norbert, 2004. "Optimierung unter Unsicherheit mit Hilfe stochastischer Simulation und Genetischer Algorithmen – dargestellt anhand der Optimierung des Produktionsprogramms eines Brandenburger Marktfruchtbetriebes," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 53(07), pages 1-16.
    13. Linnenluecke, Martina K. & Chen, Xiaoyan & Ling, Xin & Smith, Tom & Zhu, Yushu, 2017. "Research in finance: A review of influential publications and a research agenda," Pacific-Basin Finance Journal, Elsevier, vol. 43(C), pages 188-199.
    14. Francisco Lozano & Jonathan Moreno, 2018. "¿Se comparte la misma idea al utilizar el término Neoclasicismo?," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 37(73).
    15. Jason Lermyte, 2025. "Financial innovation, optimal financing structure, an Austrian perspective," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 38(2), pages 131-148, June.
    16. Helpman, Elhanan & Razin, Assaf, 1979. "A Theory of International Trade Under Uncertainty," Elsevier Monographs, Elsevier, edition 1, number 9780123396501 edited by Shell, Karl.
    17. Mandel, Antoine & Landini, Simone & Gallegati, Mauro & Gintis, Herbert, 2015. "Price dynamics, financial fragility and aggregate volatility," Journal of Economic Dynamics and Control, Elsevier, vol. 51(C), pages 257-277.
    18. Dilshad Ahmad & Muhammad Afzal & Abdur Rauf, 2019. "Analysis of wheat farmers’ risk perceptions and attitudes: evidence from Punjab, Pakistan," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 95(3), pages 845-861, February.
    19. Russell Cooper, 1984. "Insurance, Flexibility and Non-contingent Trades," Cowles Foundation Discussion Papers 691, Cowles Foundation for Research in Economics, Yale University.
    20. Jeffrey M. Lacker, 1991. "Why is there debt?," Economic Review, Federal Reserve Bank of Richmond, vol. 77(Jul), pages 3-19.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cla:uclawp:032. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: David K. Levine (email available below). General contact details of provider: http://www.econ.ucla.edu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.