Title of article
Existence of linear equilibria in the Kyle model with multiple informed traders
Author/Authors
GeorgN?ldeke، نويسنده , , Thomas Tr?ger، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2001
Pages
6
From page
159
To page
164
Abstract
If asset payoff and noise trading are independent, have finite second moments and linear equilibria exist for two different numbers of informed traders in Kyle’s market order model of insider trading, then the underlying random variables are normally distributed.
Keywords
Insider trading , Kyle model , Linear equilibrium , normal distribution
Journal title
Economics Letters
Serial Year
2001
Journal title
Economics Letters
Record number
434812
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