Differential Information and Dynamic Behavior of Stock Trading Volume, Issue 5010

Front Cover
National Bureau of Economic Research, 1995 - Investment analysis - 44 pages
0 Reviews
This paper develops a multi-period rational expectations model of stock trading in which investors have differential information concerning the underlying value of the stock. Investors trade competitively in the stock market based on their private information and the information revealed by the market-clearing prices, as well as other public news. We examine how trading volume is related to the information flow in the market and how investors' trading reveals their private information.

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Section 1
53
Section 2
54
Section 3
65
Copyright

Common terms and phrases

Bibliographic information