Many practitioners point out that the speculative profits of institutional traders arc eroded by the difficulty in gauging the price impact of their trades. In this paper. we develop a model of strategic trading where speculators face such a dilemma because of incomplete information about...

As there are apparently no doubts concerning the existence of Nazi anti-Semitism before 1933 regarding this topic - having largely been ignored by scholars of contemporary history - seems to be no use. This article tends to trace the role of anti-Semitism during the ascend of the Nazi-movement....