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Trading Frenzies and Their Impact on Real Investment

Listed author(s):
  • Kathy Yuan

    (London School of Economics)

  • Emre Ozdenoren

    (London Business School)

  • Itay Goldstein

    (Wharton School, University of Pennsylvania)

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.

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Paper provided by Society for Economic Dynamics in its series 2010 Meeting Papers with number 94.

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Date of creation: 2010
Handle: RePEc:red:sed010:94
Contact details of provider: Postal:
Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA

Web page: http://www.EconomicDynamics.org/
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