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Two Models of Speculation and Information


  • Jack Hirshleifer



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  • Jack Hirshleifer, 1984. "Two Models of Speculation and Information," UCLA Economics Working Papers 329, UCLA Department of Economics.
  • Handle: RePEc:cla:uclawp:329

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    References listed on IDEAS

    1. George Feiger, 1976. "What is Speculation?," The Quarterly Journal of Economics, Oxford University Press, vol. 90(4), pages 677-687.
    2. Tirole, Jean, 1982. "On the Possibility of Speculation under Rational Expectations," Econometrica, Econometric Society, vol. 50(5), pages 1163-1181, September.
    3. Ronald I. McKinnon, 1967. "Futures Markets, Buffer Stocks, and Income Stability for Primary Producers," Journal of Political Economy, University of Chicago Press, vol. 75, pages 844-844.
    4. Stephen W. Salant, 1976. "Hirshleifer on Speculation," The Quarterly Journal of Economics, Oxford University Press, vol. 90(4), pages 667-675.
    5. Grossman, Sanford J & Stiglitz, Joseph E, 1976. "Information and Competitive Price Systems," American Economic Review, American Economic Association, vol. 66(2), pages 246-253, May.
    6. J. Hirshleifer, 1975. "Speculation and Equilibrium: Information, Risk, and Markets," The Quarterly Journal of Economics, Oxford University Press, vol. 89(4), pages 519-542.
    7. Diamond, Douglas W. & Verrecchia, Robert E., 1981. "Information aggregation in a noisy rational expectations economy," Journal of Financial Economics, Elsevier, vol. 9(3), pages 221-235, September.
    8. Robert J Aumann, 1999. "Agreeing to Disagree," Levine's Working Paper Archive 512, David K. Levine.
    9. Anderson, Ronald W & Danthine, Jean-Pierre, 1983. "Hedger Diversity in Futures Markets," Economic Journal, Royal Economic Society, vol. 93(37), pages 370-389, June.
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    Cited by:

    1. Michael A. S. Guth, 1989. "Intrinsic Uncertainty And Common-Knowledge Priors In Financial Economics," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 12(4), pages 269-283, December.

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