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Trading Frenzies and Their Impact on Real Investment

Author

Listed:
  • Kathy Yuan

    (London School of Economics)

  • Emre Ozdenoren

    (London Business School)

  • Itay Goldstein

    (Wharton School, University of Pennsylvania)

Abstract

direction, so that they coordinate exactly when it is undesirable. We analyze the determinants of coordination among speculators and study policy measures that affect patterns of coordination to improve price informativeness and investment efficiency.

Suggested Citation

  • Kathy Yuan & Emre Ozdenoren & Itay Goldstein, 2010. "Trading Frenzies and Their Impact on Real Investment," 2010 Meeting Papers 94, Society for Economic Dynamics.
    • Handle: RePEc:red:sed010:94
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • G01 - Financial Economics - - General - - - Financial Crises
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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