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We explore the noisy rational expectation equilibrium with short-horizon traders with CARA preferences and show how, when asset information is heterogeneous and includes both private and public signals, the precision of information disclosure reflects fundamentals and liquidity trading in...
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We explore the noisy rational expectation equilibrium with short-horizon traders with CARA preferences and show how, when asset information is heterogeneous and includes both private and public signals, the precision of information disclosure reflects fundamentals and liquidity trading in...
Persistent link: https://www.econbiz.de/10014256908
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