We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...

This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and domestic investor populations contain investors of different sophistication, and (ii) investor...

Mobility is important not only for the career development of researchers, but also for scientific and economic performance as a whole. Researcher mobility has been low in many Member States and there are several obstacles for mobility especially for young researchers. At the same time Europe is...