Net trade and market efficiency in Grossman and Stiglitz (1980)

DOI10.1016/J.JET.2016.10.006MaRDI QIDQ503049zbMATH OpenOpenAlexFDO

Authors Hui Ou-Yang, Weili Wu

Publication date 11 January 2017

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2016.10.006

zbMATH Keywords

market efficiencyGrossman-Stiglitz modelnet tradetraders' beliefs

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Portfolio theory (91G10)

Recommendations

• Information, trade and incomplete markets
• Information-based trade
• Trade with Heterogeneous Prior Beliefs and Asymmetric Information
• Convergence to Efficiency in a Simple Market with Incomplete Information
• Rationalizable trade

Cites work

• Competitive rational expectations equilibria without apology
• Rational Expectations, Information Acquisition, and Competitive Bidding
• The possibility of informationally efficient markets

This page was built for publication: Net trade and market efficiency in Grossman and Stiglitz (1980)

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q503049)