The Existence of Futures Markets, Noisy Rational Expectations and Informational Externalities
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Publication:4147767
DOI10.2307/2296900zbMath0371.90011OpenAlexW2084213305MaRDI QIDQ4147767
Publication date: 1977
Published in: The Review of Economic Studies (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.2307/2296900
Related Items (32)
Softening competition through forward trading ⋮ On the qualitative properties of futures market equilibrium ⋮ Market equilibria with endogenous, hierarchical information ⋮ The revelation of information in strategic market games. A critique of rational expectations equilibrium ⋮ Aggregate fluctuations as an information transmission mechanism ⋮ On the nonexistence of equlibrium with differential information ⋮ Extrinsic uncertainty and the informational role of prices ⋮ On the aggregation of information in competitive markets ⋮ Divergent rational expectations equilibrium in a dynamic model of a futures market ⋮ Spot trading, efficiency, and differential information ⋮ Information, endogenous uncertainty and risk aversion ⋮ Information, trade and common knowledge ⋮ Trade and revelation of information ⋮ Informational asymmetries and a multiplier effect on price correlation and trading ⋮ Imitation and contrarian behaviour: hyperbolic bubbles, crashes and chaos ⋮ Nonlinear incentive provision in Walrasian markets: a Cournot convergence approach ⋮ Opinion dynamics and learning in social networks ⋮ A note on 'fulfilled expectations' equilibria ⋮ Partially-revealing rational expectations equilibrium in a competitive economy ⋮ Information, futures prices, and stabilizing speculation ⋮ Partial revelation within rational expectations ⋮ An equilibrium model of insider trading in continuous time ⋮ Price and quantity signals in financial markets ⋮ Futures markets and commodity options: Hedging and optimality in incomplete markets ⋮ Existence of an equilibrium for lower semicontinuous information acquisition functions ⋮ Capital asset pricing in an overlapping generations model ⋮ Price relations on futures markets for storable commodities ⋮ Futures markets, production and diversification of risk ⋮ The existence of fully rational expectations approximate equilibria with noisy price observations ⋮ Expectations equilibria with dispersed forecasts ⋮ The existence of rational expectations equilibria in a large economy with noisy price observations ⋮ Asset pricing in an intertemporal partially-revealing rational expectations equilibrium.
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